Question

Silvia wants to retire at 65 and live on $40,000 a year. How much does she need to save to ensure that her retirement funds last until she is 85?


Select the best answer from the choices provided.
$800,000 because she will need to save for 20 years times $40,000
more than $800,000 because taxes and inflation will increase the value of her savings
less than $800,000 because returns will continue to increase the amount in her savings even after retirement
more than $800,000 because compound return will reduce her savings

Answer 1

@JoannaBlackwelder

Answer 2

This one looks like c to me.

Answer 3

B and D just don't make sense at all.

Answer 4

A said 25 years

Answer 5

She is 65

Answer 6

I thought it said 20...

Answer 7

oh ya 20 my bad

Answer 8

b makes sense

Answer 9

Inflation will increase her savings

Answer 10

She shouldn't need 800,000 as she should be getting interest.

Answer 11

Its C

Answer 12

i read it wrong omg

Answer 13

No worries :) You got the next one!