Sara Wants to Have $600,000 in Her Savings Account When

question 82

Multiple Choice

Sara wants to have $600,000 in her savings account when she retires. How much must she put in the account now, if the account pays a fixed interest rate of 8%, to ensure that she has $600,000 in 20 years?

• A) $128,729
• B) $180,221
• C) $231,712
• D) $139,541