post - assessment\nquestion 8 of 8\nstarting amount: $500, years to invest: 40, additional contributions…

post - assessment\nquestion 8 of 8\nstarting 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.\nthis demonstrates why its important to_______.\nstart with a large amount of savings\nsave as much as you can every single month\navoid retirement until youre 75\nlet your savings grow over time

post - assessment\nquestion 8 of 8\nstarting 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.\nthis demonstrates why its important to_______.\nstart with a large amount of savings\nsave as much as you can every single month\navoid retirement until youre 75\nlet your savings grow over time

Answer

Answer:

D. let your savings grow over time

Brief Explanations:

The starting amount is relatively small ($500), and the monthly contribution ($100) isn't extremely high. But over 40 - year period with compound - ing interest, a large ending balance ($289,279.40) is achieved, showing the power of long - term growth.