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How Much Could an Individual Earning $187,000 Per Year Accumulate

Question 86

Essay

How much could an individual earning $187,000 per year accumulate in a Keogh plan if they invested the maximum allowed for 20 years at a return of 9 percent? Round to the nearest dollar if needed.
(a)$2,148,678
(b)$2,391,683
(c)$840,000
(d)935,000

Correct Answer:

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(a)$187,000 × 0.25 = $46,750 S...

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