Kizspy | Question: 31
(Choose 1 answer)
Mr. Lewis is expected to retire in 20 years and he would like to accumulate $100,000 in the retirement fund. If the interest rate is 12% per year, how much should he put into the fund each month in order to achieve the goal?
A. $0.04
B. $101.09
C. $1,101.09
D. $13,387.88
