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Author Question: Jordan will need $20,000 at the end of 6 years to put a down payment on a house. What rate of return ... (Read 72 times)

abarnes

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Question 1

Jordan will need $20,000 at the end of 6 years to put a down payment on a house. What rate of return will he need to earn if he can invest $12,250 today?
◦ 8.5%
◦ 7.5%
◦ 8.0%
◦ 9.0%
◦ 9.5%

Question 2

Jordan will need $20,000 at the end of 6 years to put a down payment on a house. What rate of return will he need to earn if he can invest $9,110 today?
◦ 14.0%
◦ 13.0%
◦ 13.5%
◦ 14.5%
◦ 15.0%


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Marked as best answer by abarnes on Apr 25, 2021

hramirez205

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abarnes

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


gcook

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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