Business, 03.03.2020 17:27 colexie7410

You are planning for your retirement and want to have $1,500,000 by the time you retire 45 years from today. You also want to have $250,000 in 20 years to help fund your children's college education. What annual end of the year deposit would you have to make for 45 years into an account paying 8% compounded annually to meet your future goals?

A. 4,528
B. $3,881
C. $6,906
D. $8,311

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