menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Financial Planning Study Set 1
  4. Exam
    Exam 14: Planning for Retirement
  5. Question
    A $2,000 Annual Contribution to a Retirement Account Earning 6
Solved

A $2,000 Annual Contribution to a Retirement Account Earning 6

Question 158

Question 158

Multiple Choice

A $2,000 annual contribution to a retirement account earning 6% will be worth ____ in 20 years.


A) $12,000
B) $26,360
C) $59,560
D) $73,570
E) $222,860

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: The employer retirement plan that is intended

Q153: Annuities may guarantee proceeds for a specific

Q154: Earnings limitations on Social Security benefits cease

Q155: Choose the word or phrase in [

Q156: Supplemental retirement plans are usually voluntary.

Q157: Whether or not social security benefits will

Q159: _ are exclusively for the self-employed person

Q161: Choose the word or phrase in [

Q162: The major financial benefit of beginning your

Q163: A 401(k)plan allows you to defer taxes

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines