Question: Time Value Personal Finance Problem Misty needs to have $17.000 in 3 years to full he goal of purchasing a small stool She is wing

 Time Value Personal Finance Problem Misty needs to have $17.000 in
3 years to full he goal of purchasing a small stool She
is wing to mestamp sum oday and we the money touchet what

Time Value Personal Finance Problem Misty needs to have $17.000 in 3 years to full he goal of purchasing a small stool She is wing to mestamp sum oday and we the money touchet what sort of investment return she will need to earn to reach her goal Use your calculator or spreadsheet to figure out the poly compounded rate of retur needed if she 12.000 The annually compelurided rise of return Maty needs to earn to reach ner gou round to bwo decimal place ch n 8 years to fulfill her goal of purchasing a small sa boat She is willing to invest a lump sum today and love the money untouched for yours until it grows to $17.000 but she wonders ise your calculator of spreadsheet to figure out the approximate annually compounded rate of return nooded it she can vest $12.600 today bor goal is % (Round to two decimat places) Time Value Personal Finance Problem Misty needs to have $17.000 in 8 years to fulfill her goal of purchasing a smal salboat She is waiting to invest a lump sun today and be the mc what sort of investment return she will need to car to teach her goal Use your calculator or spreadsheet to figure out the doproximate annually compounded rate of return needed if she The annually compounded rate of return Misty needs to earn to reach her goal is (Round to win peces

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!