Question: Mark would like to have $ 2 5 0 , 0 0 0 saved in his retirement account in 2 5 years. He currently has

Mark would like to have $250,000 saved in his retirement account in 25 years. He currently has no savings. Assuming an interest rate of 6%, how much should he contribute each year? (choose closest answer)
A. $14,327
B. $4,557
C. $6,879
D. $14,956
Mark would like to have $250,000 saved in his retirement account

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