Multiple Choice
How much must be saved at the end of each year for the next 10 years in order to accumulate $50,000,if you can earn 9% annually? Assume you contribute the same amount to your savings every year.
A) $3,291.00
B) $3,587.87
C) $4,500.33
D) $4,587.79
Correct Answer:
Verified
Correct Answer:
Verified
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