Your parents will retire in 18 years. They currently have $250,000, and they think they will need

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Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds?

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Fundamentals of Financial Management

ISBN: 978-0324664553

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Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Oct 05, 2011 09:49 AM

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Your parents will retire in 18 years. They currently have $250,000, and they think they will need

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