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2- Problem 5-03 (Finding the Required Interest Rate) Your parents will.pdf

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2. Problem 5,03 (Finding the Required Interest Rate) Your parents will retire in 26 years. They currently have $200 , 000 saved, and they think they will need $2 , 050 , 000 at retirement. What annuat interest rate inust they earn to ceach their goal, assuming they don't sove any additional funds? Round your answer to two decimal places..

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2. Problem 5,03 (Finding the Required Interest Rate) Your parents will retire in 26 years. They currently have $200 , 000 saved, and they think they will need $2 , 050 , 000 at retirement. What annuat interest rate inust they earn to ceach their goal, assuming they don't sove any additional funds? Round your answer to two decimal places.

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