Solve the Problem. Round to the Nearest Cent

question 91

Multiple Choice

Solve the problem. Round to the nearest cent.
-Joan wants to have $250,000 when she retires in 25 years. How much should she invest annually in Her annuity to do this if the interest is 7% compounded annually?

• A) $7010.57
• B) $3000.71
• C) $3952.63
• D) $8998.99

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