Multiple Choice
You decide to save for retirement by investing $10,000 a year in an account that will earn a 6% annual rate of return.How much will you have in the account when you retire in 45 years?
A) $450,000
B) $3,277,222
C) $2,127,435
D) $1,256,743
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q55: What is the future value of a
Q56: Assuming that you can afford a car
Q57: Mark borrows $15,000 to buy a new
Q58: How much can you borrow today if
Q59: What would be the interest rate on
Q61: You currently have $11,167 in your savings
Q62: The future value of a current investment
Q63: Approximately how long will it take Arnold's
Q64: Allowing the interest that you earn on
Q65: A compound annuity involves depositing or investing