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Joe expects to start working immediately after graduation and he is already planning to retire. He ...

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Joe expects to start working immediately after graduation and he is already planning to retire. He ...

Joe expects to start working immediately after graduation and he is already planning to retire. He wants to retire in twenty-five years and hopes that he will be able to do so comfortably by investing $2,000 at the end of each year throughout this period. If he earns 5% compounded annually, how much will be in his retirement fund in twenty-five years?
A) $95,454.20
B) $54,000.00
C) $169,317.75
D) $102,226.00
E) $76,345.93

Textbook

Corporate Finance Online

Edition: 1^st

Authors: Eakins, McNally

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Blimp

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More solutions for this book are available here

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Pol. Sci. Major
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tetleyelmo Author

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7 years ago

Correct

Jodias

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

Lourd Jenkins

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Good timing, thanks!

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