BA350 Principles of Finance: P4-3 Your parents will retire in 18 years

BA350 Principles of Finance
Week 5

P4-3: Finding the Required Interest Rate
Your parents will retire in 18 years. They currently have $250,000, 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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