Question: Back to Assignment Attempts Score/1 1. Problem 4-03 (Interest Rate on a Single Payment) A-Z Dost Insan eBook Interest Rate on a Single Payment Your

Back to Assignment Attempts Score/1 1. Problem 4-03 (Interest Rate on a Single Payment) A-Z Dost Insan eBook Interest Rate on a Single Payment Your parents will retire in 18 years. They currently have $220,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Do not round Intermediate cakcutations. Round your answer to two decimal places your w 8.78 % Ne $200 Save & Continue Continue without saving propriato then pre the outp p. 12C ar os thee

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