Question: 25 Problem 5.03 (Finding the required Interest Rate) Question 1 of 3 Check My Work eBook Your parents will retire in 22 years. They currently

25 Problem 5.03 (Finding the required Interest Rate) Question 1 of 3 Check My Work eBook Your parents will retire in 22 years. They currently have $270,000 saved, and they think they will need $950,000 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. 9 Check My Work BI 154

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