Mathematics, 28.03.2021 07:10 nanda22
Kenneth started saving for retirement at age 40 with plans to retire at age 70. He invested an average of $400 per month in various securities, with an average annual return of 7% adjusted for inflation. Assuming monthly compounding, how much has Kenneth saved at the start of retirement?
A. $487,988.40
B. $720,421.84
C. $37,784.31
D. $556,559.83
I got A but I wanted to make sure if I was correct, could someone help me?
Answers: 2
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Kenneth started saving for retirement at age 40 with plans to retire at age 70. He invested an avera...
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