Your parents will retire in 19 years. They currently have $350,000 saved, and they think they will

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Your parents will retire in 19 years. They currently have $350,000 saved, and they think they will need $800,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds?

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Fundamentals of Financial Management

ISBN: 978-1305635937

Concise 9th Edition

Authors: Eugene F. Brigham

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Question Posted: Apr 06, 2018 02:29 AM

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Your parents will retire in 19 years. They currently have $350,000 saved, and they think they will

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