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

question 37

Multiple Choice

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

• A)$87,200.00
• B)$675,764.89
• C)$736,583.73
• D)$802,876.27 PV = 2000

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Definitions:

Benevolence

The quality of being well-meaning; kindness and generosity toward others.

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A traditional eating pattern in the United States that often includes a protein source, vegetables, and a starch.

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A sense of belonging and identity tied to a nation or country, encompassing shared culture, traditions, language, and history.