Question
Your parents will retire in 15 years. They currently have $400,000, and think they will need $1,500,000 at retirement. What annual rate of interest must
Your parents will retire in 15 years. They currently have $400,000, and think they will need $1,500,000 at retirement. What annual rate of interest must they earn to reach their goals, assuming they do not save any additional funds? (round the percentage to two decimals for example your answer is .10189 then you should type in 10.19%)
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PV:
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FV:
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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
