misty needs to have $21,000 at the end of 6 years to fulfill her goal...
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misty needs to have $21,000 at the end of 6 years to fulfill her goal of purchasing a small sailboat. she is willing to invest a lump sum today and leave the money untouched for 6 years until it grows to $21,000, but she wonders what sort of investment return she will need to earn to reach her goal. use your calculator tor spreadsheet to figure out the annually compounded rate of return if she can invest $13,900 today.
the annually compouned rate of return Misty needs to earn to reach her goal is ___% (round two decimal places)
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