Solution-Calculate the required rate of return

Calculate the required rate of return

Reference no: EM131412330

Calculate the required rate of return

Question: Today, you invested $4,100 in a retirement account. What annual rate of return will you have to earn if your account is to be worth $56,000 when you retire 35 years from now? Assume you make no further deposits into this account.

7.76 percent
8.10 percent
8.17 percent
8.23 percent

Reference no: EM131412330

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Calculate the required rate of return : Question: Today, you invested $4,100 in a retirement account. What annual rate of return will you have to earn if your account is to be worth $56,000 when you retire 35 years from now? Assume you make no further deposits into this account.

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Calculate the required rate of return

Reference no: EM131412330

Reference no: EM131412330

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