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-   -   Finding the required Interest Rate (https://www.askmehelpdesk.com/showthread.php?t=523271)

  • Nov 5, 2010, 08:52 PM
    paranee
    Finding the required Interest Rate
    Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?
  • Nov 6, 2010, 01:00 PM
    Just Looking

    Again, the Rule of 72 can be used to calculate this.

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