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Samantha finds a CD with 4.5% APR compounded annually. How much

money will Samantha need to invest in this CD if she wants to have a yearly
income of $45,000 when she retires?
O A. $1,200,000
O B. $1,500,000
O C. $1,000,000
O D. $950,000
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2 Answers

0 votes

Answer:

it is $1,000,000

Explanation:

User Sidon
by
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3 votes

Answer: C. $1,000,000

Explanation:

1,000,000 x .045 = 45,000

User Davidmerrick
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7.6k points