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Finding the required interest rate Your parents will retire in 21 years. They currently have $330,000, and they think they will need $1,250,000 at retirement. What annual interest rate must they earn

Finding the required interest rate

Your parents will retire in 21 years. They currently have $330,000, and they think they will need $1,250,000 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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Aug 11 2021 View more View Less

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