Choose the One Alternative That Best Completes the Statement or Answers

question 481

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-Larry has $2,000 to invest and needs $2,500 in 13 years. What annual rate of return will he need to get in order to accomplish his goal? (Round your answer to two decimals.)

• A) 3.45%
• B) 1.45%
• C) 2.45%
• D) 1.72%

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