Question: Please answer question 3, 4, 5 and 6 3 of11 5.03 Check My Work (a remaining) Click here to read the eBook: Finding the Interest

Please answer question 3, 4, 5 and 6

Check My Work (a remaining) Click here to read the eBook: Finding

the Interest Rate, FINDING THE REQUIRED INTEREST RATE Your parents will retire

in 24 years. They currently have $290,000 saved, and they think they

3 of11 5.03 Check My Work (a remaining) Click here to read the eBook: Finding the Interest Rate, FINDING THE REQUIRED INTEREST RATE Your parents will retire in 24 years. They currently have $290,000 saved, and they think they will need $1,900,000 at retirement. What annual interest rate must they earn to reach O their goal, assuming they don't save any additional funds? Round your answer to two decimal places. 10

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