You know that regular tax-deferred investments are a popular investment choice for many people preparing for retirement
Did you know that if you invest $2,000 today and at the end of every year for 40 years at an annual rate of 10% that you will have grown your portfolio to a value of $975,704 at the end of that time? How much of that future value dollar amount comes from the $2,000 investment you made today?
A) $975,704
B) $885,185
C) $23,798
D) $90,519
Answer: D
Explanation: D) FV = PV ∗ (1 + r)n = $2,000 ∗ (1.10)40 = $90,518.51
MODE = END
INPUT 40 10 -2,000 0 ?
KEY N I/Y PV PMT FV
CPT 90,518.51
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