Annually in order to accumulate enough to pay the debt

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Peggy Houston has a $27,500 debt that she wishes to repay 6 years from today, she has $15,523 that she intends to invest for the 6 years. What rate of interest will she earn annually in order to accumulate enough to pay the debt?

Reference no: EM131287102

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Annually in order to accumulate enough to pay the debt : Peggy Houston has a $27,500 debt that she wishes to repay 6 years from today, she has $15,523 that she intends to invest for the 6 years. What rate of interest will she earn annually in order to accumulate enough to pay the debt?

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