Question
Your parents will retire in 21 years. They currently have $290,000 saved, and they think they will need $1,900,000 at retirement. What annual interest rate
Your parents will retire in 21 years. They currently have $290,000 saved, and they think they will need $1,900,000 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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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
