question archive You plan to retire with $1,000,000 savings
You plan to retire with $1,000,000 savings
Subject:FinancePrice:2.87 Bought7
You plan to retire with $1,000,000 savings. How much should you deposit quarterly into a retirement saving account that pays 14 percent annual interest if you plan to retire in 20 years? (Note: Compounding matches the deposit frequency. Answers are rounded.)
A.$5,089
B.$2,385
C.$1,159
D.$573
E.$1,651
F.$769
G.$371
H.$182
