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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