Multiple Choice
You would like to retire with $1 million on your 60th birthday.If you start saving equal annual amounts on your 26th birthday,make your last deposit on your 60th birthday,and earn 10% interest on your money,how much must you invest each year to achieve your goal?
A) $3,343.06
B) $3,436.14
C) $3,558.41
D) $3,689.71
Correct Answer:
Verified
Correct Answer:
Verified
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