Your parents will retire in 15 years. They currently have $150,000, and they think they will need

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Your parents will retire in 15 years. They currently have $150,000, and they think they will need $1,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?

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Financial Management Theory and Practice

ISBN: 978-0176517304

2nd Canadian edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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Question Posted: May 02, 2016 11:19 AM

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Your parents will retire in 15 years. They currently have $150,000, and they think they will need

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Financial Management Theory and Practice

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