Your parents will retire in 22 years. They currently have $210,000 saved, and they think they will need $1,700,000 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.

____ %

Answer rating: 100% (QA)

To determine the annual interest rate your parents must earn to reach t... View the full answer