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You check your savings account balance and happy to see that you have $ 1 7 , 5 0 0 . Your goal is to

You check your savings account balance and happy to see that you have $17,500. Your goal is to have $702,037 in your savings account when you retire, which is 16 years from today. If you can save $4,000 quarterly for the next 16 years, what return rate would resultin $702,037 in your savings account when you retire 16 years from today? Is it:a.10.0% b.2,5%c.10.7%d.4.5%e.9,1%

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