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3. Problem 5.03 (Finding the Required Interest Rate) Your parents will retire in 22 years. They currently have $230,000 saved, and they think they will

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3. Problem 5.03 (Finding the Required Interest Rate) Your parents will retire in 22 years. They currently have $230,000 saved, and they think they will need $750,000 at retirement. What annual interest rate must they eam to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places. 95=

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