Multiple Choice
Dan would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much does he need to invest in each of the following years to achieve his goal?
A) $13,241
B) $133,239
C) $10,727
D) $52,450
Correct Answer:
Verified
Correct Answer:
Verified
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