You are planning to retire in 30 years. You would like to have $300,000 by your retirement date (30 years from today) to support your remaining life. How much should you save at the end of each year between now and then to meet this objective, assuming a 3% interest rate (annual compounding)?

Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.

a

$3,596

b

$5,349

c

$6,306

d

$7,395

e

$10,698