Need help with finance homework. 4 Assume that today you invested $120,000 in an investment that you expect will return $260,000 to you in 8 years. Over the next 8 years, what annual interest rate are you expecting to earn?

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Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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Need help with finance homework. 4

Assume that today you invested $120,000 in an investment that you expect will return $260,000 to you in 8 years. Over the next 8 years, what annual interest rate are you expecting to earn?

 

 

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