How Much Can Be Accumulated for Retirement If $2,000 Is

question 13

Multiple Choice

How much can be accumulated for retirement if $2,000 is deposited annually, beginning 1 year from today, and the account earns 9% interest compounded annually for 40 years?

• A) $87,200.00
• B) $675,764.89
• C) $736,583.73
• D)$802,876.27

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