You Just Won the Sweepstakes and Have Decided to Take

Multiple Choice

You just won the Sweepstakes and have decided to take your winning in 15 equal payments of $35,000.You decide to save all of this money for your retirement and deposit it into an account that earns 11% per year.What is the amount of your retirement nest egg? (Round to the nearest whole dollar)

A) $1,204,188
B) $1,032,161
C) $1,112,037
D) $557,810
E) $852,225