To Achieve Exactly a 13% Rate of Return, How Much

question 11

Multiple Choice

To achieve exactly a 13% rate of return, how much would need to be invested today in an investment that returns $12,000 at the end of 3 years and $10,000 at the end of 5 years? Round to the nearest whole number.

• A)$8,239
• B)$13,745
• C)$12,862
• D)$60,920

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