Your parents will retire in 14 years. They currently have $180,000, and they think they will...
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Your parents will retire in 14 years. They currently have $180,000, and they think they will need $460,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they that don't save any additional funds and interest is compounding monthly? Your parents will retire in 14 years. They currently have $180,000, and they think they will need $460,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they that don't save any additional funds and interest is compounding monthly?
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To calculate the annual interest rate they need to earn to reach their retirement goal we can use th... View the full answer
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date:
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