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Calculating rates of return use the return rate calculator

Question: Calculating Rates of Return. Use the "Return Rate" calculator at www. moneychimp.com to solve the following problem. You still want to buy the Lamborghini Murciélago, but you have $60,000 to invest and want to buy the car in 15 years. What interest rate do you have to earn to accomplish this (assuming the price stays the same)?

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Finance Basics: Calculating rates of return use the return rate calculator

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