Question
Your parents will retire in 22 years. They currently have $210,000 saved, and they think they will need $1,700,000 at retirement. What annual interest rate
Your parents will retire in 22 years. They currently have $210,000 saved, and they think they will need $1,700,000 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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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
