Author Question: Using the Time Value of Money charts provided, answer the following question(s). (Note to ... (Read 18 times)

Marty · **on:** Apr 12, 2019

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

blakeserpa · **Reply #1 on:** Apr 12, 2019

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