Question

What lump sum should be deposited in an account that will earn at an annual rate of 10%, compounded quarterly, to grow to $180,000 for retirement in 35 years?
A) $177,957.47
B) $5514.93
C) $12,000.00
D) $40,000.00
E) $5674.55

Answer

This answer is hidden. It contains 1 characters.