How much can be accumulated for retirement if $2,000 is deposited annually, beginning one year from today, and the account earns 9% interest compounded annually for 40 years?
A. $ 87,200.00
B. $675,764.89
C. $736,583.73
D. $802,876.27
Answer:B
How much can be accumulated for retirement if $2,000 is deposited annually, beginning one year from today, and the account earns 9% interest compounded annually for 40 years?
A. $ 87,200.00 B. $675,764.89 C. $736,583.73 D. $802,876.27