You want to buy a house in 7 years and expect to need $30000 for a down payment. If you have $10000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)

Answer rating: 100% (QA)

To calculate the amount of interest you need to earn on your 10000 investment ... View the full answer