Question: This Question: 1 pt Time Value Personal Finance Problem Misty needs to have $20,000 in 5 years to fulfill her goal of purch she wonders


This Question: 1 pt Time Value Personal Finance Problem Misty needs to have $20,000 in 5 years to fulfill her goal of purch she wonders what sort of investment return she will need to earn to reach her goal. Use your calculator o The annually compounded rate of return Misty needs to earn to reach her goal is %. (Round to two dec 5 of 24 (2 complete) ave $20,000 in 5 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched fo to earn to reach her goal. Use your calculator or spreadsheet to figure out the approximate annually compounded rate of retum needed if she can in ar to reach her goal is % (Round to two decimal places.) Inis Test: 42 pts possit at. She is willing to invest a lump sum today and leave the money untouched for 5 years until it grows to $20,000, but e out the approximate annually compounded rate of return needed if she can invest $13,500 today
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