Determination of future value


Question: Jaydev Athreya has started on his 1st job. He plans to start saving for his retirement early. He will invest 5,000 dollar at the end of every year for the next 45 years in a fund that will earn a return of ten percent. How much will Jaydev have at the end of 45 years? [Give your answer to the nearest dollar.]

[A]   $1,745,600

[B]   $5,233,442

[C]   $2,667,904

[D]   $3,594,524

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Finance Basics: Determination of future value
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