You plan to invest $5,000 into an account.  If you would like to have $10,000 in 15 years,  what rate of return must you earn?   Question 5 options:   6.02%   5.24%   4.73%   7.55%   7.11%

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...
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You plan to invest $5,000 into an account.  If you would like to have $10,000 in 15 years,  what rate of return must you earn?

 

Question 5 options:

 

6.02%

 

5.24%

 

4.73%

 

7.55%

 

7.11%

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