Bill wants to buy a new boat in 7 years. He expects the new boat will cost $28,000. Bill has $18,000 ...

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Bill wants to buy a new boat in 7 years. He expects the new boat will cost $28,000. Bill has $18,000 ...

Bill wants to buy a new boat in 7 years. He expects the new boat will cost $28,000. Bill has $18,000 in an investment account today. What rate of return must Bill earn on his investments to be able to buy the boat on time?

Textbook

Foundations of Finance

Edition: 9^th

Authors: Keown, Petty, Martin

Read 141 times

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samualson Author

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6 years ago

This is very helpful, my teacher this year is not good

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