What annual interest rate must they earn to reach their, Financial Management

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What annual interest rate must they earn to reach their

1. Your parents will retire in 20 years. They currently have $230,000 saved, and they think they will need $2,400,000 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. %

2. DDD Incorporated bonds currently sell for $1040 and have a par value of $1000. They pay a $65.00 annual coupon and have a 15 year maturity. They can be called in 5 years at 1100. What is their yield to maturity?

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