Travis Invests $5,500 Today into a Retirement Account

Multiple Choice

Travis invests $5,500 today into a retirement account.He expects to earn 9.2 percent, compounded annually, on his money for the next 13 years.After that, he wants to be more conservative, so only expects to earn 6 percent, compounded annually.How much money will he have in his account when he retires 25 years from now, assuming this is the only deposit he makes into the account?

A) $29,411.20
B) $34,747.80
C) $34,616.56
D) $41,919.67
E) $42,003.12