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svp [43]
4 years ago
5

Ken started saving for retirement at age 35 with plans to retire at age 70. He invested an average of $600 per month in various

securities, with an average annual return of 5% adjusted for inflation. Assuming monthly compounding, how much has Kent saved at the start of retirement
A: $54,192.18
B: $825,655.45
C: $499,355.18
D: $681,655.46
Mathematics
2 answers:
Irina-Kira [14]4 years ago
8 0
The answer is C $499,355.18
VARVARA [1.3K]4 years ago
7 0

Answer:

<u>D - $681,655.46</u>

Step-by-step explanation:

Just took the test and found out the answer. The other person provided the wrong answer and explanation. What a idiot.

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