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3. Problem 5.03 Click here to read the eBook: Finding the Interest Rate, I FINDING THE REQUIRED INTEREST RATE Your parents will retire in 25

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3. Problem 5.03 Click here to read the eBook: Finding the Interest Rate, I FINDING THE REQUIRED INTEREST RATE Your parents will retire in 25 years. They currently have $290,000 saved, and they think they will need $1,950,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. Grade it Now Save & Continue Continue without saving

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