Future value calculation
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Misty needs to hav $15,100 at the end of 2 years in order to fulfill her goal of purchasing a small sailboat. She is willing to invest the funds as a single amount today but wonders what sort of investment return she will need to ear. Figure out the annully compounded rate of return needed if she can invest $12,500 today.
Annually compounded rate of return=
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Solution Summary
The solution calculates the future value of a bond compounded annually.
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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