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  3. you calculate that you will need $75,000 in ten ye

You calculate that you will need $75,000 in ten years to be able to pay...

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Question

Accounting

You calculate that you will need $75,000 in ten years to be able to pay for your daughter's college education. If you invest $20,000 today, what rate of return will you need to achieve this goal?

Select one:

A.

Between 12% and 13%

B.

Between 13% and 14%

C.

Between 14% and 15%

D.

Between 15% and 16%

Answer & Explanation Solved by verified expert
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