Antonio is going to receive $25,000 today as an insurance settlement.In addition,he will receive $12,000 1 year from today and $10,000 2 years from today.If he invests these funds,how much will he have saved when he retires 32 years from now if he earns an average annual return of 6.7 percent?
A) $456,124.93
B) $461,414.14
C) $395,072.90
D) $407,008.77
E) $358,726.88
Correct Answer:
Verified
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