Question

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
SUBMIT

Answer 1

it is $1,000,000

Explanation:

Answer 2

Answer: C. $1,000,000

Explanation:

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