Your parents hope to retire in 18 years. They currently have investments totaling $250,000. They believe they

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Your parents hope to retire in 18 years. They currently have investments totaling $250,000. They believe they will need $1,000,000 when they retire to maintain their current lifestyle. What annual interest rate must they earn to reach their goal assuming they don't save any additional funds?


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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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