Solved

You Want to Retire with $370 000 in the Bank

Question 139

Multiple Choice

You want to retire with $370 000 in the bank and you are able to earn 4.84% compounded quarterly for the next 25 years. You currently have $175 000 saved up. How much more do you have to invest in 15 years in order to achieve your goal?


A) $100 649.58
B) $110 649.58
C) $120 649.58
D) $130 649.58
E) $0.00

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions