Assume your goal in life is to retire with one million dollars. How much would you need to save at the end of each year if interest rates average 6% and you have a 20-year work life

ACCOUNTING

Multiple Choice

Assume your goal in life is to retire with one million dollars. How much would you need to save at the end of each year if interest rates average 6% and you have a 20-year work life?

a. $14,565

b. $27,184

c. $120,102

d. $376,476

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