You want to retire with $370 000 in the bank and you are able to earn 4.84% compounded quarterly for the next 25 years. You currently have $175 000 saved up. How much more do you have to invest in 15 years in order to achieve your goal?
A) $100 649.58
B) $110 649.58
C) $120 649.58
D) $130 649.58
E) $0.00

Question

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The Answer of You want to retire with $370 000 in the bank and you are able to earn 4.84% compounded quarterly for the next 25 years. You currently have $175 000 saved up. How much more do you have to invest in 15 years in order to achieve your goal?
A) $100 649.58
B) $110 649.58
C) $120 649.58
D) $130 649.58
E) $0.00

You Want to Retire with $370 000 in the Bank