Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. your parents will retire in 30 years. they current

Your parents will retire in 30 years. They currently have $260,000 saved, and they think...

70.2K

Verified Solution

Question

Finance

Your parents will retire in 30 years. They currently have $260,000 saved, and they think they will need $1,450,000 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.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

[15 marks] discuss the function of haemoglobin. In your answer include the roles of: 2,3-BPG (2,3- bisphosphoglycerate) carbon dioxide protons

Biology
Q

Discuss the concepts of inertia and weight . Discuss the contribution of both bone and muscle...

Physics
Q

01 Two tuning forks of frequencies 100 Hz and 106 Hz are sounded together What...

Physics
Q

satellite of Mars called Phobos has an orbital radius of 9 4 x 106 m...

Physics
Q

Mark the critical points on the following graph x e 0 4 3 21 1...

Calculus
Q

1. Mr. Rich aspired to get a self-portrait made by an artist. He went to...

Accounting
Q

The general ledger trial balance of the General Fund of the City of Bedford on...

Accounting
Q

Question 1 This is the amount that the selling price exceeds the total variable cost...

Accounting
Q

If an individual in management sold their stock based on confidential information, this would be...

Accounting
Q

a cash discount is usually granted to all of the following except a. retail customers....

Accounting
Q

You are evaluating a project for The Farstroke golf club, guaranteed to correct that nasty...

Finance
Q

Question 9 Ronald Acuna, Jr., files as single. He is employed by Braves,...

Accounting