Question
You have heard about the impending retirement crisis facing the global community and you want to take action so you don't become a victim of
You have heard about the impending retirement crisis facing the global community and you want to take action so you don't become a victim of this crisis. You have decided to start contributing a constant amount of $450 into your retirement account every month, beginning one month from today. You plan to keep making that same monthly contribution for 45 years and then you will retire. If your investments earn a rate of return of 7.74 percent, how much do you expect to be in your retirement account the day you retire?
Group of answer choices
$2,176,405
$2,384,591
$1,928,329
$1,732,840
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