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jokerr6323
jokerr6323
26.11.2019 • 
Business

Assume that ray is 38 years old and has 27 years for saving until he retires. he expects an apr of 7.5% on his investments. how much does he need to save if he puts money away annually in equal end-of-the-year amounts to achieve a future value of $1,200,000 dollars in 27 years' time?

a) $44,444.44

b) $20,670.97

c) $14,882.44

d) $13,844.13

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