Your objective is to have $16,730 in exactly 15 years. Today you invest $6,500 in...
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Accounting
Your objective is to have $16,730 in exactly 15 years. Today you invest $6,500 in a Schwab Differential Rate stock fund. For the next 7 years Schwab guarantees that your investment will earn a 5.6 % annual interest rate. To achieve your objective, during the final 8 years the Schwab fund must pay an annual interest rate of:
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