Question
Your parents will retire in 14 years. They currently have $180,000, and they think they will need $460,000 at retirement. What annual interest rate
Your parents will retire in 14 years. They currently have $180,000, and they think they will need $460,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they that don't save any additional funds and interest is compounding monthly?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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