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5: Finding the Interest Rate, 1 Finding the required interest rate Your parents will retire in 29 years. They currently have $230,000, and they think

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5: Finding the Interest Rate, 1 Finding the required interest rate Your parents will retire in 29 years. They currently have $230,000, and they think they will need $1,850,000 at retirement. What annual interest rate must they cam to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places

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