Margaret and David do not have any other items of income and do not have any deductions for adjusted gross income.
January 3, 2018
Diane’s wages are $17,700 and she receives dividend income of $70
January 3, 2018

What annual interest rate do you need to earn on your initial investment, assuming you contribute no additional savings?

Finance Basics

You are saving money for a down payment on a house. Suppose you want to have total savings of $20,000 in 10 years time and you have currently $5,000. What annual interest rate do you need to earn on your initial investment, assuming you contribute no additional savings?

 

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