Question
Your parents will retire in 17 years. They currently have $230,000, and they think they will need $1 million at retirement. What annual interest rate
Your parents will retire in 17 years. They currently have $230,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Do not round intermediate calculations. Round your answer to two decimal places.
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The Handbook Of International Trade And Finance
Authors: Anders Grath
4th Edition
0749475986, 978-0749475987
