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Your parents will retire in 18 years. they currently have $250,000, and they think they will need $1,000,000, at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?If yo udeposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M948189

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