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You Want to Start Saving for Retirement

Question 112

Multiple Choice

You want to start saving for retirement. If you deposit $2000 each year at the end of the next 60 years and earn 11% on the investment, how much will you have when you retire?


A) $9,510,132
B) $10,556,246
C) $1,048,114
D) $792,000

Correct Answer:

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