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Your parents will retire in 28 years. They currently have $250,000 saved, and they thiak they wi need $2.300,000at retirement. What annual interest rate must

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Your parents will retire in 28 years. They currently have $250,000 saved, and they thiak they wi need $2.300,000at 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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