Roxanne Began Saving for Retirement at Age 23 When She

Multiple Choice

Roxanne began saving for retirement at age 23 when she graduated college.She wants to have $2.3 million dollars in her retirement account when she reaches age 55.If she deposits $9,000 each year in an account earning an 11% Annual Rate of Return,will she achieve her goal in time?

A) Yes,she will have over $2.3 million dollars in the account.
B) No,she will have less than $2.3 million dollars in the account.