What annual interest rate would you need to earn if you wanted a $1,250 per month contribution to grow to $65,000 in 3 years?
A) 18.59%
B) 21.26%
C) 24.00%
D) 25.19%
Correct Answer:
Verified
Q95: If you start making $115 monthly contributions
Q96: What is the interest rate of a
Q97: Jasmine has decided that she wants to
Q98: A mortgage broker is offering a $225,000
Q99: Consider that you are 30 years old
Q101: A small business owner visits his bank
Q102: You deposit $1,000 today and want to
Q103: Say that you purchase a house for
Q123: Which of the following will decrease the
Q129: You just bought a new home and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents