Franklin templeton has just invested 9260 for his son age, Financial Management

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Franklin templeton has just invested 9260 for his son age

Franklin Templeton has just invested $9,260 for his son (age one). This money will be used for his son’s education 18 years from now. He calculates that he will need $71,231 by the time the boy goes to school. what rate of return will mr. templeton need in order to achieve this goal?

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Financial Management: Franklin templeton has just invested 9260 for his son age

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Financial Management: Franklin templeton has just invested 9260 for his son age

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