Present Value of 1 Future Value of 1

question 22

Multiple Choice

Present Value of 1 Future Value of 1 Present Value of an Annuity of 1 Future Value of an Annuity of 1 Clara is setting up a retirement fund,and she plans on depositing $5,000 per year in an investment that will pay 7% annual interest.How long will it take her to reach her retirement goal of $69,080?

• A)13.816 years
• B)0.072 years
• C)10 years
• D)20 years
• E)5 years

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