You know that regular tax-deferred investments are a popular investment choice for many people preparing for retirement.Did you know that if you invest $2,000 today and at the end of every year for 40 years at an annual rate of 10% that you will have grown your portfolio to a value of $975,704 at the end of that time? How much of that future value dollar amount comes from the $2,000 investment you made today?
A)$975,704
B)$885,185
C)$23,798
D)$90,519

Question

Quizplus · Accepted Answer

The future value of a single $2,000 investment today at 10% for 40 years is calculated using the formula FV = PV * (1 + r)^n, which results in $90,519.

You Know That Regular Tax-Deferred Investments Are a Popular Investment