How Much Must Be Saved at the End of Each

question 107

Multiple Choice

How much must be saved at the end of each year for the next 10 years in order to accumulate $50,000,if you can earn 9% annually? Assume you contribute the same amount to your savings every year.

• A) $3,291.00
• B) $3,587.87
• C) $4,500.33
• D) $4,587.79

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