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Supposing after Graduation you got a Nice High Paying job. When you retire in 40...

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Accounting

Supposing after Graduation you got a Nice High Paying job. When you retire in 40 years you want have $ 2 million (m) for your Comfortable Retirement. You have found an Mutual Fund that is promising to earn 7.5% per for you. If decide to make monthly investments in this Fund, what will be your Monthly Payments?

a. $661.41

b. $ 4166.67

c. $ 733.39

d. $8,800.63

e. $44,165.43

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