Solution 03 Your parents will retire in 16 years They currently have 320 000 and they think they will need 2 000 000 at retirement
Solution Your parents will retire in years They currently have and they think they
Solution Your parents will retire in years They currently have
will retire in years They currently have and they think they will need at retirement
Solution Your parents will retire in years They currently
have and they think they will need at retirement
Solution Your parents will retire in years
Solution Your parents
(Solution) 03 Your parents will retire in 16 years. They currently have $320,000, and they think they will need $2,000,000 at retirement.

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5.03 Your parents will retire in 16 years. They currently have $320,000, and they think they will need $2,000,000 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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