Elaine needs to save $4,000 in 4 years. If she can set aside $1,000 now, what rate of return…

Elaine needs to save $4,000 in 4 years. If she can set aside $1,000 now, what rate of return…

Elaine needs to save $4,000 in 4 years. If she can set aside $1,000 now, what rate of return does she need on her account?