Question
Your parents will retire in 30 years. They currently have $300,000 saved, and they think they will need $1,450,000 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 $1,450,000 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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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
8th Edition
007322359X, 9780073223599
