You Are Planning Your Retirement and You Come to the Conclusion

question 26

Multiple Choice

You are planning your retirement and you come to the conclusion that you need to have saved $1,250,000 in 30 years.You can invest into an retirement account that guarantees you a 5% return.How much do you have to put into your account at the end of every month to reach your retirement goal?

• A) $1567.86
• B) $1,501.94
• C) $3,472.22
• D) $2,526.27