Multiple Choice
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?
A) 8.5%
B) 7.5%
C) 8.0%
D) 9.0%
E) 9.5%
Correct Answer:
Verified
Correct Answer:
Verified
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