Question: Assignment: Chapter 5 Practlce Problems Aeigainire Store tis Questions 4 Queston 10(1)+ 5-4. finding the Interest iate, I Finding the required interest rate Vour parents
Assignment: Chapter 5 Practlce Problems Aeigainire Store tis Questions 4 Queston 10(1)+ 5-4. finding the Interest iate, I Finding the required interest rate Vour parents will retire in 25 years. They currentiy hwe 5200,000 , and ther think they wat oeed 81,300,000 at retirement. What anpual interest rate mast they eams to resch theif goal, astuming they doekt tave any adaitional funds? Round your anawer to two decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
