Meryl is 30 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save

Question

Meryl is 30 years old. She wants to begin saving for retirement, with the first payment to come one year from now. She can save $8,500 per year, and her financial advisor advises her to invest in the stock market, which the financial advisor expects to provide an average return of 10% in the future.
If Meryl follows her financial advisor's advice, how much money will she have at 65?
$3,400,309.42
$4,726,821.57
$1,378,819.34
$2,303,707.13

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