This topic contains a solution. Click here to go to the answer

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 28 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556

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%


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by abarnes on Apr 25, 2021

hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 30% of students answer this correctly




abarnes

  • Member
  • Posts: 556
Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

For a complete list of videos, visit our video library