Question
Your parents will retire in 20 years. They currently have $230,000 saved, and they think they will need $2,400,000 at retirement. What annual interest rate
Your parents will retire in 20 years. They currently have $230,000 saved, and they think they will need $2,400,000 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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Principles Of Public Finance
Authors: Toshihiro Ihori
1st Edition
9811023883, 978-9811023880
