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PtichkaEL [24]
3 years ago
15

If a person starts investing $100 per month starting at age 21, and that money earns a 5% return every year, how much will this

person have when turning 70 years old? For ease of calculation, assume starting balance of $0 and annual contributions of $1,200 (12*$100).
A. Less than $200,000

B. Between $200,001 and $400,000

C. Between $600,001 and $1,000,000

D. Between $400,001 and $600,000

E. More than 1 million dollars
Mathematics
1 answer:
liubo4ka [24]3 years ago
7 0
C. Between $600,001 and $1,000,000
I'm not sure if it's right. Hope it is.
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