How Much Would Need to Be Contributed Each Year for 30

question 9

Multiple Choice

How much would need to be contributed each year for 30 years to accumulate $1,300,000 assuming a return on the investments of 8%? Round to the nearest dollar if needed.

• A) $43,333
• B) $46,800
• C) $11,476
• D) $15,000

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Definitions:

Reliability

The consistency of a test, measurement, or system to perform and produce the same results in multiple trials over time.

Variable of Interest

The specific entity or characteristic that researchers aim to investigate or measure within a study.

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Nursing Research

Systematic inquiry designed to develop knowledge about issues important to the nursing profession including practice, education, and policy.