A scholarship fund has $75,000 to invest now to provide scholarships to high school students.They want to have at least $150,000 in 9 years.What rate of interest must they invest this money at to reach their goal? Use Table PV-1.
A)7%
B)8%
C)10%
D)11%

Question

A scholarship fund has $75,000 to invest now to provide scholarships to high school students.They want to have at least $150,000 in 9 years.What rate of interest must they invest this money at to reach their goal? Use Table PV-1. 
A)7% 
B)8% 
C)10% 
D)11%

Quizplus · Accepted Answer

The Answer of A scholarship fund has $75,000 to invest now to provide scholarships to high school students.They want to have at least $150,000 in 9 years.What rate of interest must they invest this money at to reach their goal? Use Table PV-1. 
A)7% 
B)8% 
C)10% 
D)11%

A Scholarship Fund Has $75,000 to Invest Now to Provide