Question
Your parents will retire in 26 years. They currently have $240,000 saved, and they think they will need $1,800,000 at retirement. What annual interest rate
Your parents will retire in 26 years. They currently have $240,000 saved, and they think they will need $1,800,000 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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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
