Question
Your parents will retire in 24 years. They currently have $370,000 saved, and they think they will need $2,000,000 at retirement. What annual interest rate
Your parents will retire in 24 years. They currently have $370,000 saved, and they think they will need $2,000,000 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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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
