Multiple Choice
Carol would like to have $500,000 saved in her retirement account in 30 years. Assuming an interest rate of 10%, how much should she contribute each year?
A) $2,182.00
B) $2,000.00
C) $1,956.20
D) $3,039.70
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q89: Using the Time Value of Money charts
Q90: There are two sets of present and
Q92: The _ the interest rate, the _
Q93: Money received today is worth more than
Q95: The process of earning interest on accumulated
Q96: Mr. Berkey deposits $10,000 in a money
Q97: The cash flows of an annuity due
Q98: Use the following two columns of items
Q99: The process of earning _ on interest
Q106: Use the following two columns of items