I need a 15% annual return on my investment. My expected rate of return is 8.2%. My total amount in 10 years time will be 262.29. The price of the stock I want to purchase today is 120.00. The price of the stock needs drop to 46% which equals 64.83. I want to know how to figure out the 46% decline that gives the actual price (64.83) I need to pay in order to get my 15% annual return.
[FONT="]Thanks, dreamer [/FONT]
[FONT="]Thanks, dreamer [/FONT]