View the step-by-step solution to:

# You have \$50,000 to invest today. You hope to have \$2,000,000 in forty years.

You have \$50,000 to invest today. You hope to have \$2,000,000 in forty years. If you do not plan on making any additional investments, what annual rate of return will you have to achieve on your investment to reach your goal?

Annual rate of return = [... View the full answer

The way to answer this question is ... View the full answer

rate of return = 9.66%... View the full answer

present value 5m
future value 2mm
n annual rate of return ? [WIWIAIIIHI-I
[mfmpwmu 9.66% Annual rate eI return

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

### -

Educational Resources
• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents