Multiple Choice
Solve.
-Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401K plan that pays6.5% per year compounded annually. You plan to invest $2,500 at the end of each year for the next 10years. How much will your account have in it at the end of 10 years?
A) $33,736
B) $35,506
C) $32,193
D) $35,034
Correct Answer:
Verified
Correct Answer:
Verified
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