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What annual rate of interest would they have to earn

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Reference no: EM132753566

Your parents are planning to retire after 10 years. They currently have $ 100000, and they would like to have $ 236700, when they retire. What annual rate of interest would they have to earn on their $ 100000 in order to reach their goal, assuming they save no more money?

Reference no: EM132753566

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