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Assume Your Goal in Life Is to Retire with $2,800,000

Question 26

Multiple Choice
Assume your goal in life is to retire with $2,800,000. How much would you need to save at the end of each year if interest rates average 10% and you have a 30-year work life? (Round the final answer to the nearest whole dollar.)
A) $9333
B) $17,022
C) $186,667
D) $160,464

Assume your goal in life is to retire with $2,800,000. How much would you need to save at the end of each year if interest rates average 10% and you have a 30-year work life? (Round the final answer to the nearest whole dollar.)


A) $9333
B) $17,022
C) $186,667
D) $160,464

Correct Answer:

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