Multiple Choice
How much can be accumulated for retirement if $2,000 is deposited annually, beginning one year from today, and the account earns 9 percent interest compounded annually for 40 years?
A) $87,200.00
B) $675,764.89
C) $736,583.73
D) $802,876.27 PV = 2000
Correct Answer:
Verified
Correct Answer:
Verified
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