Multiple Choice
You wish to save $500,000 in the next 25 years. You notice that a corporate bond fund that earns about 11 percent per year and decide to invest in it. How much must you save each year to obtain your goal?
A) $20,000.00
B) $3,749.98
C) $4,370.13
D) $2,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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