Financial planning

Your parents will retire in 19 years. They currently have $350,000 saved, & they think they will need $800,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds?

Do you know who your representative in Congress is?

Find out, and contact the person’s office to see what you can learn about the costs of running campaigns and where this person’s contributions come from. (By law, candidates must provide financial disclosure statements to all interested parties.)

Solution:

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