Multiple Choice
Your daughter is born today and you want her to be a millionaire by the time she is 35 years old.You open an investment account that promises to pay 12% per year.How much money must you deposit each year,starting on her 1st birthday and ending on her 35th birthday,so your daughter will have $1,000,000 by her 35th birthday?
A) $2,317
B) $3,455
C) $5,777
D) $9,450
Correct Answer:
Verified
Correct Answer:
Verified
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