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

Option 1

Low Cost Option
Download this past answer in few clicks

2.87 USD

PURCHASE SOLUTION

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 7 times

Completion Status 100%

Related Questions