Multiple Choice
How much Jim can accumulate in a private pension fund over 20 years if the fund offers 5% interest compounded annually, and he can afford to deposit $2 000 at the end of every second year?
A) $28 946
B) $32 259
C) $66 132
D) $94 256
E) $117 853
Correct Answer:
Verified
Correct Answer:
Verified
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