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Your parents will retire in 23 years. They currently have $400,000 saved, and they think they will need $850.000 at retirement. What annual interest rate

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Your parents will retire in 23 years. They currently have $400,000 saved, and they think they will need $850.000 at retirement. What annual interest rate must they earn to reach their goal, tuming they don't see any additional funde? Round your answer to the decimal places

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