Solved

Suppose in 10 Years You Needed to Have Saved $50,000

Question 4

Essay

Suppose in 10 years you needed to have saved $50,000 for a capital investment of your organization. You believe you can save $2,500 at the end of each year. What rate of return is needed to attain the needed $50,000?

Correct Answer:

verifed

Verified

=Rate(10, -2500, 0, 50000)
= 1...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents