Question
Your parents will retire in 24 years. They currently have $340,000 saved, and they think they will need $1,050,000 at retirement. What annual interest rate
Your parents will retire in 24 years. They currently have $340,000 saved, and they think they will need $1,050,000 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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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
