Multiple Choice
Jackie and her husband started a savings account for their twin daughters when they were 2 years old.They have been saving $100,000 a year at an interest rate of 10%,and intend on keeping up with their annual contribution to the fund until the girls are 21.What is the future value of their investment?
A) $864,869.43
B) $836,492.01
C) $5,115,909.05
D) $6,400,249.94
E) $2,090,000
Correct Answer:
Verified
Correct Answer:
Verified
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