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9. 10. 0 0 11. 12. 0 13. B eBook Check My Work (3 remaining) Your parents will retire in 21 years. They currently
9. 10. 0 0 11. 12. 0 13. B eBook Check My Work (3 remaining) Your parents will retire in 21 years. They currently have $220,000 saved, and they think they will need $850,000 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.
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
