Question
Your parents will retire in 28 years. They currently have $260,000 saved, and they think they will need $900,000 at retirement. What annual interest rate
Your parents will retire in 28 years. They currently have $260,000 saved, and they think they will need $900,000 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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Introduction To Financial Technology
Authors: Roy S. Freedman
1st Edition
0123704782, 9780123704788
