Question
Angie Ryan is self-employed. Her income is unpredictable throughout the year, some months it's higher and some months it's lower. Angie finds it easier to
Angie Ryan is self-employed. Her income is unpredictable throughout the year, some months it's higher and some months it's lower. Angie finds it easier to save if she contributes to her retirement once a year instead of trying to manage monthly savings. Angie contributes $6,500 per year for the first 10 years (earning 12%), $9,500 per year for the next 10 years (earning 9.5%), and $13,000 for the 10 years after that (earning 7.5%). Which of the following amounts best describes the amount Angie will have in her retirement account in 30 years? Group of answer choices
$226,101.79
$1,071,199.02
$591,693.93
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