How much will have when retire if earn an annual interest

Reference no: EM132825111

Problem 1: You have just started a new job and plan to save $5,250 per year for 35 years until you retire. How much will you have when you retire if you earn an annual interest rate of 9.47 percent?

A. $1,146,392.60
B. $1,203,299.29
C. $1,205,414.42
D. $1,216,750.60
E. $1,260,205.98

Reference no: EM132825111

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