Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 40 years. How much will she have available for retirement if she can make 8% on her investment?
A) $596,250
B) $2,953,000
C) $1,345,100
D) $469,020

Question

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The Answer of Sydney saved $10,000 during her first year of work after college and plans to invest it for her retirement in 40 years. How much will she have available for retirement if she can make 8% on her investment?
A) $596,250
B) $2,953,000
C) $1,345,100
D) $469,020

Sydney Saved $10,000 During Her First Year of Work After