Question: Time Value May 132.000 w the wonder what we will The company U 0 Time Value Personal Finance Problem Misty needs to have $22,000 in

 Time Value May 132.000 w the wonder what we will The
company U 0 Time Value Personal Finance Problem Misty needs to have
$22,000 in 5 years to fulfill her goal of purchasing a small

Time Value May 132.000 w the wonder what we will The company U 0 Time Value Personal Finance Problem Misty needs to have $22,000 in 5 years to fulfill her goal of purchasing a small sailboat. She is willing te $22,000, but she wonders what sort of investment return she will need to earn to reach her goal. Use your calculator or spreadsheet to figure out $14,600 today The annually compounded rate of retum Misty needs to earn to reach her goal is %. (Round as two decimal place.) we $22,000 in 5 years to fulfill her goal of purchasing a small boat. She is willing to invest alump sum today and leave the money touched for will need to earn to reach her goal. Use your calculator or spreadsheet to figure out the approximate annually compounded rate of tumneed for mm to reach her goal is % (Round to two decimal places.) Net

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