Your parents will retire in 30 years. They currently have $350,000 saved, and they think they will need $1,000,000 at re

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answerhappygod
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Your parents will retire in 30 years. They currently have $350,000 saved, and they think they will need $1,000,000 at re

Post by answerhappygod »

Your parents will retire in 30 years. They currently have
$350,000 saved, 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? Round your
answer to two decimal places.
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