Evaluating the future value of the investment

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Reference no: EM1312360

Jayadev Athreya has started on his first job. He plans to start saving for retirement early. He will invest $5,000 at the end of each year for the next 45 years in a fund that will earn a return of 10 percent. How much will Jayadev have at the end of 45 years? (Round to the nearest dollar.)

a) $2,667,904

b) $3,594,524

c) $1,745,600

d) $5,233,442

Reference no: EM1312360

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