Multiple Choice
An investor plans to save $1000 per year for the next ten years as a retirement fund,and expects to earn 8.4% per annum,compounded monthly over the period,on all invested funds.How much will the investor have at the end of ten years?
A) $187 085.48
B) $296 035.24
C) $126 882.77
D) $153 178.10
Correct Answer:
Verified
Correct Answer:
Verified
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