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How Much Can Be Accumulated for Retirement If $2,000 Is

Question 39

Multiple Choice

How much can be accumulated for retirement if $2,000 is put aside at the end of each of the next 40 years? Assume that you can earn 9% a year on your savings.


A) $87,200.00
B) $675,764.89
C) $736,583.73
D) $802,876.27

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