Mathematics

21 May, 12:13

Keith started saving for retirement at age 45 with plans to retire at age 70. He invested an average of $500 per month in various securities, with an average annual return of 6% adjusted for inflation. Assuming monthly compounding, how much has Keith saved at the start of retirement? (show work)

A = $27,432.26

B = $446,496.98

C = $346,496.98

D = $712,355.15

+5

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