A couple currently has 5000 in their retirement account


A couple currently has $5,000 in their retirement account. What interest rate would need to be earned in order to accumulate a total of $320,243.29 in 50 years, by adding $149.42 annually? (please answer with formula and using financial calculator)

10%

Not enough information

5%

8%

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Financial Management: A couple currently has 5000 in their retirement account
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