Question: Coro b.7% O c. 9% 0.11% e. 10% QUESTION 13 Your client is 45 years old, and she wants to begin saving for retirement, with
Coro b.7% O c. 9% 0.11% e. 10% QUESTION 13 Your client is 45 years old, and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $7,000 per year, and you advise her to invest it in securities which you expect to provide an average annual return of 11 percent. If she follows your advice, how much money would she have at age 60? a. $267,329.64 b. $33,492.13 O c $502,381.90 Od. S240,837.51 e. $116,550.00 QUESTION 14 Suppose you invest $3,900 today in an account that earns a nominal annual rate (nom) of 16 percent, with interest compounded quarterly. How much money will you have after 10 years? a. $18,723.98 b.S17,204.60 OC S45.240.00 Click Save and Submit to save and submit. Click Save All Answers to save all answers
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