Your parents will retire in 29 years they currently have, Ask an Expert

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Your parents will retire in 29 years. They currently have $320,000, and they think they will need $1,850,000 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92095530

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