Use of Financial Calculator TI BA II Plus Required

Use of Financial Calculator TI BA II Plus required. You are reviewing your retirement plan started 15 years ago with a goal to save $265 000. You now want to see if you are on target because you have only 10 years left. You put $200 into an RRSP every month and anticipated a 10 percent rate of return. The present balance of your RRSP is $114 126. Are you on target?

A) No, after 15 years you should have $159 000.
B) Yes, after 15 years you only need $82 894.
C) No, the rate of return expected is too high.
D) Yes, after 15 years you should have $114 126.