Solved

Annuity Interest Rate What Annual Interest Rate Would You Need

Question 52

Multiple Choice

Annuity Interest Rate What annual interest rate would you need to earn if you wanted a $200 per month contribution to grow to $14,700 in 5 years?


A) 6.47%
B) 7.76%
C) 8.00%
D) 14.70%

Correct Answer:

verifed

Verified

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

Related Questions

Q43: Number of Annuity Payments Joey realizes that

Q47: Future and Present Value of an Annuity

Q47: Loan Payments You wish to buy a

Q48: Number of Annuity Payments Phoebe realizes that

Q51: Loan Payments You wish to buy a

Q52: Present Value of a Perpetuity A perpetuity

Q53: Annuity Interest Rate What's the interest rate

Q55: Future and Present Value of an Annuity

Q57: Number of Annuity Payments Phoebe realizes that

Q57: Annuity Interest Rate What annual interest rate

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