In planning for retirement, an investor decides she will save $17,000 every year for 38 years. At an 8% return on her investment, how much money will she have at the end of 38 years (to the nearest hundred thousand dollars) ?
A) $3,700,000
B) $6,800,000
C) $7,900,000
D) $10,800,000
Correct Answer:
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