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

---

Definitions:

Price Discrimination

The strategy of selling the same product to different customers at different prices based on willingness to pay, rather than differences in production costs.

"Fair Return" Price

A price set at a level intended to allow a firm to cover its costs and earn a reasonable profit, often regulated in public utility sectors.

Pure Monopolist

A market scenario where a single supplier controls the entire supply of a unique product or service, with no close substitutes available.