question 1


 

if Mark wants to retire in 25 years with $1,011,000.00 and can save $9,680.00 annually for 25 years with his first savings contribution made in 1 year, then what annual return does he need to earn? (Round the value to 2 decimal places and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)