Question

Your retirement account has a current balance of $50,000. You plan to add $6000 at the...

Your retirement account has a current balance of $50,000. You plan to add $6000 at the end of each year for the next 30 years. How much can be accumulated in your retirement account at the end of the 30 years assuming that you can earn 9% a year on your savings.

$817,845 A

$867845 B

$1,481,229 C

$1,554,835 D

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ANSWER : C : 1481229

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