Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an investor wants to triple her money over the nex

An investor wants to triple her money over the next 10 years. What annual rate...

80.2K

Verified Solution

Question

Accounting

An investor wants to triple her money over the next 10 years. What annual rate of return will she need to earn to reach her goal?
\table[[PV,100.00],[FV,300.00],[NPER,10],[Rate,11.61%
How is this wrong?
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

?(Discounted payback period?) You are considering a project with the following cash? flows: YEAR   PROJECT CASH FLOW 0   -40,000 1  ...

Finance
Q

Distinguish among the following groups of archaea: extreme halophiles, extreme thermophiles, and methanogens. Compare and contrast viruses...

Biology
Q

Two children, A (mass 25 kg ) and B (mass 50 kg ), are playing on...

Physics
Q

K The total number of a particular chain store in the world can be modeled...

Basic Math
Q

The Sweetwater Candy Company would like to buy a new machine that would automatically "dip"...

Accounting
Q

Health insurance paid for a more-than-2% shareholder-employee is reported on Form 1120-S as: O Compensation...

Accounting
Q

Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV,...

Accounting
Q

The partnership of Jordan and O'Neal began business on January 1, 20X7. Each partner contributed...

Accounting
Q

Don't copy others Chegg answers 5 dislikes ready Under the existing law, it says that...

Accounting
Q

Average Rate of Return Determine the average rate of return for a project that is...

Accounting
Q

On July 1, 20X4, Ritter Inc. issued 5%, 10-year bonds with a face value of...

Accounting
Q

Olive Company is considering a project that is estimated to cost $279,000 and provide annual...

Accounting