Question: Find the annual interest rate. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. A retiree wants

Find the annual interest rate. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. A

Find the annual interest rate. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. A retiree wants level consumption in real terms over a 20 -year retirement. If the inflation rate equals the interest rate she earns on her $298,000 of savings, how much can she spend in real terms each year over the rest of her life

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