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

Question 118

Multiple Choice

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


A) $2,182.00
B) $2,000.00
C) $1,956.20
D) $3,039.70

Correct Answer:

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