question archive Delia Martin can invest $10,500 today when she needs to have $15,000 at the end of 5 years in order to fulfill her goal of purchasing a small sailboat
Delia Martin can invest $10,500 today when she needs to have $15,000 at the end of 5 years in order to fulfill her goal of purchasing a small sailboat
Subject:BusinessPrice: Bought3
Delia Martin can invest $10,500 today when she needs to have $15,000 at the end of 5 years in order to fulfill her goal of purchasing a small sailboat. When sort of investment return will she need to earn? Use your calculator or the time value tables to figures out the approximate annually compounded rate of return needed in each of these cases.
