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Finding the required interest rate Your parents will retire in 17 years. They currently have $350,000, and they think they will need $1,450,000 at retirement.
Finding the required interest rate Your parents will retire in 17 years. They currently have $350,000, and they think they will need $1,450,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
