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Question 4 of 10 Problem 4-03 (Interest Rate on a Single Payment) Check My Work ( 2 remaining) Interest Rate on a Single Payment Your

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Question 4 of 10 Problem 4-03 (Interest Rate on a Single Payment) Check My Work ( 2 remaining) Interest Rate on a Single Payment Your parents will retire in 20 years. They currently have $290,000, 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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