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Ugo [173]
3 years ago
12

Suppose that you plan to invest $1200 at the end of each of the next 9 years and you want to have accumulated $15,600 at the end

of this period. What rate of return would you need to achieve? (Hint: this is what I called an A=BxC problem in which you know A and B.)
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

The rate of return is 8.96%

Explanation:

The rate of return required here can be computed using excel rate formula ,which is stated thus:

=rate(nper,-pmt,pv,fv)

nper is the duration of investment which is 9  years

pmt is the yearly invested sum of $1,200

pv is the present worth of total invested sum which is unknown and taken as zero

fv is the future accumulated investment amount of $15,600

=rate(9,-1200,0,15600)=8.96%

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3 years ago
You have been pricing an MP3 player in several stores. Three stores have the identical price of $700. Each store charges 12 perc
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Answer:

The answer is: $6.50

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6 0
4 years ago
What are the five key managerial activities
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3 years ago
Corporation borrows cash by signing a $90,000​, 8​%, eight​-month note on December 1 with its local bank. The total cash paid fo
levacccp [35]

Answer:

c. $4,800

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6 0
3 years ago
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Answer:

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6 0
3 years ago
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