Mr.Fish wants to build a house in 10 years.He estimates that the total cost will be $170,000.If he can put aside $10,000 at the end of each year,what rate of return must he earn in order to have the amount needed?
A) Between 11% and 12%
B) Between 8% and 9%
C) 17%
D) 14%

Question

Quizplus · Accepted Answer

The Answer of Mr.Fish wants to build a house in 10 years.He estimates that the total cost will be $170,000.If he can put aside $10,000 at the end of each year,what rate of return must he earn in order to have the amount needed?
A) Between 11% and 12%
B) Between 8% and 9%
C) 17%
D) 14%

MrFish Wants to Build a House in 10 Years