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Annual rate of return compounded annually

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Reference no: EM131259097

Assuming a 7.25% annual rate of return compounded annually over a period of ten years, how much principal would a person need to invest in order to achieve a future amount of $12,500?

Reference no: EM131259097

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Annual rate of return compounded annually : Assuming a 7.25% annual rate of return compounded annually over a period of ten years, how much principal would a person need to invest in order to achieve a future amount of $12,500?
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