You want to send your grandchild to a very prestigious university. You heard that a college
education will cost $800,000 in 18 years. If you invest $10,000 at the end of each year, what IRR
will you need in order to reach your goal of $800,000?
A) 13.65% B) 12.46% C) 15.52% D) 18.00%
C
Business
You might also like to view...
Increases in the number of working women have negatively affected direct sellers from the perspective of supply of workers and the presence of females in the home during working hours
Indicate whether the statement is true or false
Business
Which of the following affects the precautionary motive for holding cash?
A) the cash flow predictability B) the firm's access to external funds C) both A and B D) none of the above
Business