Multiple Choice
Lee wishes to accumulate $1 million by making equal annual end-of-year deposits over the next 20 years. If he can earn 10 percent on his investments, how much must he deposit at the end of each year?
A) $14,900
B) $50,000
C) $117,453
D) $17,460
Correct Answer:
Verified
Correct Answer:
Verified
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