Assume Your Goal in Life Is to Retire with $2,800,000

question 102

Multiple Choice

Assume your goal in life is to retire with $2,800,000. How much would you need to save at the end of each year if interest rates average 10% and you have a 30-year work life? (Round the final answer to the nearest whole dollar.)

• A) $9333
• B) $17,022
• C) $186,667
• D) $160,464

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Definitions:

Constitution

is a set of fundamental principles or established precedents according to which a state or other organization is governed.

Education And Law Enforcement

The interplay between educational systems and law enforcement agencies, focusing on how education policies impact crime rates and vice versa.

African Slave Trade

The forced transportation of Africans to the Americas for the purpose of enslavement, occurring mainly from the 16th to the 19th centuries, a major part of the transatlantic slave trade.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives, responsible for making laws.