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will give immediate thumbs up thanks! LA eBook Your parents will retire in 16 years. They currently have $250,000 saved, and they think they will

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LA eBook Your parents will retire in 16 years. They currently have $250,000 saved, and they think they will need $1,300,000 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. 96

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