In planning for retirement, an investor decides she will save $3,000 every year for 25 years. At a 5.7% return on her investment, how much money will she have at the end of 25 years?

Name: In planning for retirement, an investor decides she will save $3,000 every year for 25 years. At a 5.7% return on her investment, how much money will she have at the end of 25 years?
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Question

Quizplus · Accepted Answer

Calculator entries are N = 25, I/Y = 5.7, PV = 0, PMT = −3,000, CPT FV → 157,804.93.

In Planning for Retirement, an Investor Decides She Will Save