Multiple Choice
Joe plans to fund his individual retirement account (IRA) with the maximum contribution of $2,500 at the end of each year for the next 30 years. If Joe can earn 10 percent on his contributions, how much will he have at the end of the tenth year?
A) $411,235
B) $611,235.
C) $23,567.
D) $43,567.
Correct Answer:
Verified
Correct Answer:
Verified
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