Question 277:: [html] Roger is 25 years old and plans to invest $2,000 each year in a retirement savings account for 40 years, starting today. If the retirement savings investment will earn 6.75% p.a. compounding annually, how much will he have in exactly 40 years from today when he turns 65 years old?

Select one:

a.$399,550.41

b.$399,700.16

c.$400,004.75

d.$398,461.09