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In Planning for Retirement,an Investor Decides She Will Save $11,000

Question 58

Multiple Choice

In planning for retirement,an investor decides she will save $11,000 every year for 40 years.At an 11% return on her investment,how much money will she have at the end of 40 years (to the nearest hundred thousand dollars) ?


A) $1,400,000
B) $2,800,000
C) $4,900,000
D) $6,400,000

Correct Answer:

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