Multiple Choice
You wish to have $10,000 per year as a retirement supplement for 20 years (from age 65-85) .You are now 40 years old.How much must you save each year for the next 25 years if you assume your savings will earn 12% annually?
A) $560.17
B) $1,499.99
C) $5,403.87
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
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