What annual rate of return would Jia need to earn if she deposits 20,000 per year into an account ...

Author Question: What annual rate of return would Jia need to earn if she deposits 20,000 per year into an account ... (Read 113 times)

luminitza

Hero Member
Posts: 555

on: Jul 10, 2018

What annual rate of return would Jia need to earn if she deposits 20,000 per year into an account beginning one year from today in order to have a total of 1,000,000 in 30 years?

A) 2.3
B) 3.3
C) 1.3
D) 4.3

Question 2

Unlike equityholders, creditors are owners of the firm.

Indicate whether the statement is true or false

Alyson.hiatt@yahoo.com

Sr. Member
Posts: 354

Reply #1 on: Jul 10, 2018

Answer to Question 1

B

Answer to Question 2

FALSE

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luminitza

Hero Member
Posts: 555

Reply #2 on: Jul 10, 2018

Correct answers!

Alyson.hiatt@yahoo.com

Sr. Member
Posts: 354

Reply #3 on: Jul 10, 2018

Great! Please up vote

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