Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. your parents will retire in 18 years they currentl

your parents will retire in 18 years they currently have $290,000 saved and think they...

60.1K

Verified Solution

Question

Finance

your parents will retire in 18 years they currently have $290,000 saved and think they need $2,000,000 at retirement. what annual interest rate must they earn to reach their goal assuming they dont save any additional funds? round your answer 2 decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

*Please answer all parts of the question. Thank you! Would you be able to kinematically analyze the...

Medical Sciences
Q

What are some specific ways in which cultural differences influence the ways students approach learning tasks?...

Psychology
Q

Using the unit normal table, find the proportion under the standard normal curve that lies to...

Basic Math
Q

From the 10 managerial roles provided by Mintzberg, choose three or four that you consider most...

General Management
Q

Monosaccharides and disaccharides are stored in cells in longer chains called polysaccharides, possibly due to...

Biology
Q

In a potentiometer experiment when terminals of cell are connected at distance of 72 cm...

Physics
Q

Chapter 3 3 A population has mean 30 and standard deviation o 7 a Find...

Statistics
Q

A football team had 20 000 to spend on supplies The team spent 15 000...

Statistics
Q

Inspect the graph of the function to determine whether it is concave up, concave down...

Calculus
Q

Lake Stevens Marina has estimated that fixed costs per month are $349,000 and variable cost...

Accounting
Q

Accolade Ltd is a manufacturing company making heavy machinery. It has factories in Western Australia...

Accounting
Q

Bank Reconciliation and Entries The cash account for American Medical Co. at April 30 indicated...

Accounting