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$$ttempts $0$ Keep the Highest $\frac{0}{1}$

Problem $5\mathrm{.}03($Finding the Required Interest Rate$)$

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Your parents will retire in $20$ years. They currently have $$220,000$ saved, and they think they will need $$1,050,000$ 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. $1\%$

Continue without saving