Question
Interest Rate on a Single Payment Your parents will retire in 16 years. They currently have $270,000, and they think they will need $1 million
Interest Rate on a Single Payment
Your parents will retire in 16 years. They currently have $270,000, 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? Do not round intermediate calculations. Round your answer to two decimal places.
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Finance Your Business Secure Funding To Start Run And Grow Your Business
Authors: The Staff Of Entrepreneur Media
1st Edition
1599185970, 978-1599185972
