Jane wants to have $200,000 in an account in 20 years. If it earns 11 percent per annum over the accumulation period, how much must she save per year (end of year)to have the $200,000?
A)$25,116
B)$3,115
C)$10,000
D)$3,492

Question

Quizplus · Accepted Answer

The Answer of Jane wants to have $200,000 in an account in 20 years. If it earns 11 percent per annum over the accumulation period, how much must she save per year (end of year)to have the $200,000?
A)$25,116
B)$3,115
C)$10,000
D)$3,492

Jane Wants to Have $200,000 in an Account in 20