Business, 28.11.2019 01:31, iancuteodora30

Franklin templeton has just invested $8,860 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 $57,908 by the time the boy goes to school. what rate of return will mr. templeton need in order to achieve this goal? use appendix b for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (do not round intermediate calculations. round your final answer to 2 decimal places.)

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Franklin templeton has just invested $8,860 for his son (age one). this money will be used for his s...