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Present Value of 1 Future Value of 1

Question 22

Multiple Choice

Present Value of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,080? A) 13.816 years B) 0.072 years C) 10 years D) 20 years E) 5 years Future Value of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,080? A) 13.816 years B) 0.072 years C) 10 years D) 20 years E) 5 years Present Value of an Annuity of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,080? A) 13.816 years B) 0.072 years C) 10 years D) 20 years E) 5 years Future Value of an Annuity of 1 Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,080? A) 13.816 years B) 0.072 years C) 10 years D) 20 years E) 5 years Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,080?


A) 13.816 years
B) 0.072 years
C) 10 years
D) 20 years
E) 5 years

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