ents An employee is planning to retire in 15 years. Her current annual expenditures are CNY 45,000 and are expected to increase at the rate of 4% per year until retirement and then remain constant during the 20 years of retirement. Assuming the her investment account in retirement earns an after-tax amount of 7% annually, the account's balance on the retirement date to support her spending needs should be closest to: O A. CNY 858,565. OB. CNY 918,664. OC. CNY 1,157,749.

An employee is planning to retire in 16 years. Her current annual expenditures are CNY 45,000 and are expected to increase at the rate of 4% per year until annalily, the account's balance on the retirement date to support her spending needs should be closest to: A. CNY 856,565 . B. cergris,684 C.CNY 1,157745