Your parents will retire in 19 years they currently have, Ask an Expert

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Your parents will retire in 19 years. They currently have $380,000, and they think they will need $2,300,000 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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Category:- Basic Finance
Reference No.:- M9867438

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