Ch USP 2: End-of-Chapter Problems - Time Value of Money (CDN) Back to Assignment Attempts Keep the Highest/1 1. Problem 5.03 (Finding the required Interest Rate) eBook Your parents will retire in 26 years. They currently have $220,000 saved, and they think they will need $1.450,000 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 Grade It Now Save & Continue Continue without saving Ch OSPt2. End-of-Chapter Problems - Time Value of Money (CDN) Back to Assignment Attempts Keep the Highest/2 2. Problem 5.11 (Growth Rates) eBook Sawyer Corporation's 2018 sales were $5 million. Its 2013 sales were $2.5 million a. At what rate have sales been growing Round your answer to two decimal places 9 6. Suppose someone made this statement Sales doubled in 5 years. This represents a growth of 100% in 5 years, so dividing 100% by 5, we find the growth rate to be 20% per year is the statement correct? The 100 201 There are the 2013 These outlet shortino The these como The state of icon Grade it Now Save & Continue Continue without saving