Today Raylin Givens invested $3,000 for his one-year-old daughter. He intends to use this fund for her
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Today Raylin Givens invested $3,000 for his one-year-old daughter. He intends to use this fund for her education 17 years from now. He estimates he will need $40,000 at that time. What average annual compound rate of return will Raylin need to achieve his goal?
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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