What annual interest rate must they earn to reach their goal

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Reference no: EM131012115

Finding the required interest rate Your parents will retire in 28 years. They currently have $280,000, and they think they will need $2,150,000 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.

Reference no: EM131012115

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