Question
Your parents will retire in 30 years. They currently have $300,000 saved, and they think they will need $2,000,000 at retirement. What annual interest rate
Your parents will retire in 30 years. They currently have $300,000 saved, and they think they will need $2,000,000 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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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
