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4. (10 points) Your parents will retire in 20 years. They currently have $850,000 saved, and they think they will need $1,500,000 at retirement. What

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4. (10 points) Your parents will retire in 20 years. They currently have $850,000 saved, and they think they will need $1,500,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Steps (9 points)

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