Mathematics

Rowan Esparza

2 April, 22:19

Ken started saving for retirement at age 35 with plans to retire at age 70. He invested an average of $600 per month in various securities, with an average annual return of 5% adjusted for inflation. Assuming monthly compounding, how much has Kent saved at the start of retirement

A: $54,192.18

B: $825,655.45

C: $499,355.18

D: $681,655.46

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