What annual interest rate must earn to reach goal, Microeconomics

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What annual interest rate must earn to reach goal

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?If yo udeposit money today in an account that pays 6.5% annual interest, how long will it take to double your money?

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Microeconomics: What annual interest rate must earn to reach goal

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Microeconomics: What annual interest rate must earn to reach goal

Reference No:- TGS048189

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Find the firm-s average variable cost function

Q : The local labor force

Q : Overall effects of the transactions

Q : Who have not been in the military

Q : What annual interest rate must earn to reach goal

Q : Thomas kuhns work in the area of philosophy

Q : How many years will it take to reach the goal

Q : What is the times interest earned ratio

Q : Immanuel kant''s categorical imperative

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What annual interest rate must earn to reach goal

Reference No:- TGS048189

Recent Questions Asked Microeconomics

Q : Find the firm-s average variable cost function

Q : The local labor force

Q : Overall effects of the transactions

Q : Who have not been in the military

Q : What annual interest rate must earn to reach goal

Q : Thomas kuhns work in the area of philosophy

Q : How many years will it take to reach the goal

Q : What is the times interest earned ratio

Q : Immanuel kant''s categorical imperative

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