Question
Your parents will retire in 16 years. They currently have $310,000 saved, and they think they will need $1,800,000 at retirement. What annual interest rate
Your parents will retire in 16 years. They currently have $310,000 saved, and they think they will need $1,800,000 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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International Finance
Authors: Keith Pilbeam
4th Edition
0230362893, 978-0230362895
