22
QuizMultiple Choice

Unit Test — Unit test

Question 22 • FL-2102371-Personal Finance and Money Management

Lonnie is considering doing some long term investing with money that she inherited. She would like to have $50,000 at the end of 30 years. Approximately how much money would Lonnie need to put into an account earning 6% interest compounded annually in order to meet her goal? a.$8,706b.$9,000c.$27,778d.$40,690

Answer
A
A
B
B
C
C
D
D
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Lonnie is considering doing some long term…