Use of Financial Calculator TI BA II PLus Required

question 126

Multiple Choice

Use of Financial Calculator TI BA II PLus required. You are investing a lump sum of $7200 with a goal of saving $200 000 total in 30 years. What annual interest rate on your investments would you need to reach your goal?

• A)15 percent
• B)11.7 percent
• C)11.3 percent
• D)12.4 percent

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