Natalie received a gift of $1 000 from her grandmother. She decides to invest the money into a trip she wants to take wh...

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Natalie received a gift of $1 000 from her grandmother. She decides to invest the money into a trip she wants to take wh...

Natalie received a gift of $1 000 from her grandmother. She decides to invest the money into a trip she wants to take when she graduates from college three years from now. What annual rate of return does she have to have to accumulate $1 250 by the time of her graduation?

Select one:

a. 7.9%

b. 7.7%

c. 12.5%

d. 9.2%

e. 8.4%

business economics

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Answer 1

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Answer #1

Investment = $1000 Accumulated Return after 3 years = $1250 What is the Annual Rate of Return? Investment = $1000 Future Retu

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Answer 2

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