Question
Your parents will retire in 16 years. They currently have $360,000 saved, and they think they will need $1,700,000 at retirement. What annual interest rate
Your parents will retire in 16 years. They currently have $360,000 saved, and they think they will need $1,700,000 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
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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
