Question
Interest Rate on a Single Payment Your parents will retire in 15 years. They currently have $260,000, and they think they will need $1 million
Interest Rate on a Single Payment Your parents will retire in 15 years. They currently have $260,000, 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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Routledge Handbook Of Financial Technology And Law
Authors: Iris Chiu, Gudula Deipenbrock
1st Edition
0367344149, 978-0367344146
