Sharon decides to put $6,500 into her retirement plan at the age of 26. She will continue to invest the same amount for a total of 6 years and then stop contributing. Assume 10.8% annual return.
How much money will Sharon have in her retirement plan after 6 years?
A) $30,000
B) $35,575
C) $38,175
D) $61,451
Correct Answer:
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