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Your parents will retire in 3 0 years. They currently have $ 3 6 0 , 0 0 0 saved, and they think they will

Your parents will retire in 30 years. They currently have $360,000 saved, and they think they will need $1,150,000 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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