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Alexis Plans to Invest $2,500 a Year for 30 Years

Question 64

Multiple Choice

Alexis plans to invest $2,500 a year for 30 years starting at the end of this year.How much will this investment be worth at the end of the 30 years if she earns an average annual rate of return of 9.6 percent?


A) $387,411.26
B) $417,932.11
C) $403,018.90
D) $311,416.67
E) $381,324.92

Correct Answer:

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