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Author Question: Using the Time Value of Money charts provided, answer the following question. (Note to Instructors: ... (Read 290 times)

strangeaffliction

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Using the Time Value of Money charts provided, answer the following question. 
(Note to Instructors: Provide the appropriate tables to students from Personal Finance, Sixth Edition, Appendix C: Financial Tables.)



Judy would like to have $200,000 saved in her retirement account in 20 years. Assuming an interest rate of 10%, how much should she contribute each year?


◦ $3,491.92
◦ $2,000.00
◦ $2,576.11
◦ $4,376.77


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Marked as best answer by strangeaffliction on Apr 12, 2019

Heffejeff

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