Finding the required interest rate your parents will retire, Ask an Expert

Economics

Finding the required interest rate Your parents will retire in 15 years. They currently have $270,000, and they think they will need $850,000 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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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91673705

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