Multiple Choice
If you want to own $1 million when you retire in 45 years,how much should you put into your retirement fund now,given the interest rate is 3 percent?
A) $250,005.
B) $436,770.
C) $264,439.
D) $275,389.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: If you knew that an investment was
Q8: Which of the following is closest to
Q10: Diversification involves:<br>A) investing all your money in
Q11: Buying insurance and then never making a
Q12: Suppose Jack and Kate are at the
Q14: Evaluating risk requires that:<br>A) we think about
Q16: John is trying to decide whether to
Q17: Suppose Jack and Kate are at the
Q19: A mechanism for reallocating risk is:<br>A) risk
Q75: In the context of insurance, everyone typically