Question
Your parents will retire in 29 years. They currently have $230,000 saved, and they think they will need $1,000,000 at retirement. What annual interest rate
Your parents will retire in 29 years. They currently have $230,000 saved, and they think they will need $1,000,000 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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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
