Multiple Choice
Find the future value of the annuity.
-To save for retirement, you decide to deposit $2500 into an IRA at the end of each year for the next 35 years. If the interest rate is 1% per year compounded annually, find the value of the IRA, rounded to the nearest dollar,
After 35 years.
A) $104,151
B) $228,023
C) $1042
D) $100,644
Correct Answer:
Verified
Correct Answer:
Verified
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