Find annual interest rate earn to reach goal
Your parents will retire in 15 years. They currently have $260,000, and they think they will need $1 million 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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They presently have $260,000, and they believe they will require $1 million at retirement. What annual interest rate should they earn to reach their goal, if they do not save any additional funds?
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