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Your parents will retire in 22 years. They currently have $200,000 , and think they will need 52, 300, 00 at retirement. What annual cam
Your parents will retire in 22 years. They currently have $200,000 , and think they will need 52, 300, 00 at retirement. What annual cam to reach their goal, assuming they don't any additional funds your answer to two decimal places
Attempts: Keep the Highest: 1 3. Problem 5.03 (Finding the Required Interest Rate) eBook Your parents will retire in 22 years. They currently have $200,000 saved, and they think they will need $2,300,000 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. % N Grade it Now Save & Continue Continue without saving Step by Step Solution
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