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Click here to read the eBook: Finding the Interest Rate, I Problem 4-3 Interest Rate on a Single Payment Your parents will retire in 15

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Click here to read the eBook: Finding the Interest Rate, I Problem 4-3 Interest Rate on a Single Payment Your parents will retire in 15 years. They currently have $240,000, and they think they will need $1 million 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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