Question
Your parents will retire in 19 years. They currently have $326665, and they think they will need $1282824 at retirement. Assuming they don't save any
Your parents will retire in 19 years. They currently have $326665, and they think they will need $1282824 at retirement. Assuming they don't save any additional funds, the annual interest rate they must earn to achieve their goal would be _______%.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
