Mr smith has just invested 20000 for his son age 7- what, Financial Management

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Mr smith has just invested 20000 for his son age 7- what

Mr. Smith has just invested $20,000 for his son (age 7).

The money will be used for his son's education 10 years from now. He calculates that he will need $70,000 for his son's education by the time the boy goes to school.

What rate of return will Dr. Stein need to achieve this goal?

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Financial Management: Mr smith has just invested 20000 for his son age 7- what

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Financial Management: Mr smith has just invested 20000 for his son age 7- what

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