Solve.
-Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401K plan that pays6.5% per year compounded annually. You plan to invest $2,500 at the end of each year for the next 10years. How much will your account have in it at the end of 10 years?
A)$33,736
B)$35,506
C)$32,193
D)$35,034

Question

Quizplus · Accepted Answer

The Answer of Solve.
-Looking ahead to retirement, you sign up for automatic savings in a fixed-income 401K plan that pays6.5% per year compounded annually. You plan to invest $2,500 at the end of each year for the next 10years. How much will your account have in it at the end of 10 years?
A)$33,736
B)$35,506
C)$32,193
D)$35,034

Solve. -Looking Ahead to Retirement, You Sign Up for Automatic Savings