Keith started saving for retirement at age 45 with plans to retire at age 70. He invested an average of $500 per month in variou

Question

3 years ago

15

Keith started saving for retirement at age 45 with plans to retire at age 70. He invested an average of $500 per month in variou

s securities, with an average annual return of 6% adjusted for inflation. Assuming monthly compounding, how much has Keith saved at the start of retirement? (2 points)
$27,432.26
$446,496.98
$346,496.98
$712,355.15

Mathematics

1 answer:

pochemuha · Answer 1 · 2022-05-14T04:57:25+03:00

pochemuha3 years ago

5 0

The answer is B. $<span>446.496.98</span>