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Author Question: Using the Time Value of Money charts provided, answer the following question(s). (Note to ... (Read 36 times)

Marty

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Using the Time Value of Money charts provided, answer the following question(s).



(Note to Instructors: Provide the appropriate tables to students from Personal Finance, Sixth Edition, Appendix C: Financial Tables.)





Carol would like to have $500,000 saved in her retirement account in 30 years. Assuming an interest rate of 10%, how much should she contribute each year?


◦ $2,182.00
◦ $2,000.00
◦ $1,956.20
◦ $3,039.70


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Marked as best answer by Marty on Apr 12, 2019

blakeserpa

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Marty

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Reply 2 on: Apr 12, 2019
Great answer, keep it coming :)


cici

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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