Multiple Choice
Kathy has $50,000 to invest today and would like to determine whether it is realistic for her to achieve her goal of buying a home for $150,000 in 10 years with this investment. What return must she achieve in order to buy her home in 10 years?
A) About 12%
B) About 13%
C) About 9%
D) About 10%
Correct Answer:
Verified
Correct Answer:
Verified
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