Question
Your parents will retire in 22 years. They currently have $330,000 saved, and they think they will need $1,900,000 at retirement. What annual interest rate
Your parents will retire in 22 years. They currently have $330,000 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 Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
