Joe plans to retire in 15 years he currently has saved up, Financial Management

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Joe plans to retire in 15 years he currently has saved up

Joe plans to retire in 15 years. He currently has saved up $100,000, and he believes he will need $1,000,000 at retirement.

What annual interest rate must Joe earn to reach his goal, assuming he does not save any additional funds between now and retirement?

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Financial Management: Joe plans to retire in 15 years he currently has saved up

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