Question
Finding the required interest rate Your parents will retire in 30 years. They currently have $260,000, and they think they will need $1,500,000 at retirement.
Finding the required interest rate
Your parents will retire in 30 years. They currently have $260,000, and they think they will need $1,500,000 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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Exploring Public Relations And Management Communication
Authors: Ralph Tench, Stephen Waddington
5th Edition
1292321741, 9781292321745
