post - assessment question 8 of 8 starting amount: $500, years to invest: 40, additional contributions: $100…

post - assessment question 8 of 8 starting amount: $500, years to invest: 40, additional contributions: $100 per month, average annual rate of return: 7.6% compounded annually, total amount invested: 48,500, ending investment balance: $289,279.40. this demonstrates why its important to_______. start with a large amount of savings save as much as you can every single month avoid retirement until youre 75 let your savings grow over time

post - assessment question 8 of 8 starting amount: $500, years to invest: 40, additional contributions: $100 per month, average annual rate of return: 7.6% compounded annually, total amount invested: 48,500, ending investment balance: $289,279.40. this demonstrates why its important to_______. start with a large amount of savings save as much as you can every single month avoid retirement until youre 75 let your savings grow over time

Answer

Brief Explanations:

The starting amount is relatively small ($500), and the monthly additional contribution is also modest ($100). Over 40 years, with compound - interest at 7.6% annually, the ending balance is significantly large ($289,279.40). This shows the power of long - term growth of savings.

Answer:

D. let your savings grow over time