What ror will mr templeton need in order to achieve goal

Reference no: EM131788071

Question: Franklin Templeton has just invested $8,760 for his son (age one). This money will be used for his son's education 17 years from now. He calculates that he will need $60,000 by the time the boy goes to school. What rate of return will Mr. Templeton need in order to achieve this goal?

Reference no: EM131788071

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What ror will mr templeton need in order to achieve goal : Franklin Templeton has just invested $8,760 for his son (age one). This money will be used for his son's education 17 years from now.

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