Multiple Choice
Louie just got a big raise and wants to begin investing his excess cash flow. If he invests $7,500 per year for the next 30 years, and earns 5% on his investments, how much money will he have when he is nearing retirement?
A) $385,567
B) $500,000
C) $498,291
D) $265,987
Correct Answer:
Verified
Correct Answer:
Verified
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