Carol Would Like to Have $500,000 Saved in Her Retirement

question 22

Multiple Choice

Carol would like to have $500,000 saved in her retirement account in 30 years at an interest rate of 10 percent.How much should she contribute each year?

• A)$2,182.00
• B)$2,000.00
• C)$1,956.20
• D)$3,039.62

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Definitions:

Sincere Apology

An expression of regret that is genuine and heartfelt, indicating true remorse for actions or words that caused harm.

Bad News

Information that is unwelcome, disappointing, or negative, often requiring careful communication.

Message Shortness

The characteristic of conveying information in a brief and concise manner.

Audience Shock

A reaction from the audience that occurs when they are presented with unexpected, surprising, or shocking information or content.