What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds?

Your parents will retire in 28 years. They currently have $270,000 saved, and they think they will need $1,550,000 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.

 

Don't use plagiarized sources. Get Your Custom Essay on
What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds?
Just from $13/Page
Order Now

Looking for a Similar Assignment? Order a custom-written, plagiarism-free paper

WhatsApp Order Now