Multiple Choice
Jane wants to have $200,000 in an account in 20 years. If it earns 11 percent per annum over the accumulation period, how much must she save per year (end of year) to have the $200,000?
A) $25,116
B) $3,115
C) $10,000
D) $3,492
Correct Answer:
Verified
Correct Answer:
Verified
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