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

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Finding the required interest rate Your parents will retire in 18 years. They currently have $380,000 saved, and they think they will need $1,400,000 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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Financial Management, Finance

Category:- Financial Management
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