Approximately how much should be accumulated by the beginning of retirement to provide a $4200 monthly check that will last for 10 years, during which time the fund will earn 12% interest with monthly compounding?

a. $257,613.13
b. $292,742.19
c. $443,520.00
d. $470,400.00

Ans: b. $292,742.19

Business

You might also like to view...

Has the adult film industry become main-stream Hollywood, and what are some concerns unique to this industry?

What will be an ideal response?

Business

Alliances will be preferred to going it alone when

A) the level of transaction-specific investments required to complete an exchange is low. B) there are no transaction-specific investments required to complete an exchange is low. C) when there is low uncertainty about the future value of an exchange. D) the level of transaction-specific investments required to complete an exchange is moderate.

Business