After taking a personal finance class, William commits to a retirement savings plan by investing $250 per
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Question:
After taking a personal finance class, William commits to a retirement savings plan by investing $250 per month with a 40 year timeline, at which time he will be 65. If William earns 9% on his investment annually, how much will William have when he retires in 40 years?
a) $228,000
b) $1,062,412.12
c) $1,541,360
d) $9,422,826.00
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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