Multiple Choice
Solve the problem.
-To save for retirement, Sue decides to deposit $1500 into an IRA at the end of each year for the next 30 years. If the interest rate is 7% per year compounded annually, find the value of the IRA after 30
Years. Round to the nearest dollar.
A) $2,814,804
B) $131,020
C) $141,691
D) $9918
Correct Answer:
Verified
Correct Answer:
Verified
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