You Wish to Save $500,000 in the Next 25 Years

question 80

Multiple Choice

You wish to save $500,000 in the next 25 years. You put your savings into a corporate bond fund that earns about 11 percent per year. 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

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Definitions:

Decision

The process of making choices or conclusions after considering different possibilities and evaluating outcomes.

Group Of People

A collection of individuals who come together for a common purpose or to engage in a shared activity.

Effective Facilitator

Someone who helps a group improve its process and productivity by designing and running effective meetings or discussions.

Resistance

A psychological or behavioral force that opposes change or hinders progress.