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Terri and Larry Plan to Invest $5,000 at the End

Question 147

Multiple Choice

Terri and Larry plan to invest $5,000 at the end of each year in an individual retirement account earning a rate of return of 11% compounded annually. What will be the value of the account after 15 years?


A) $119,864
B) $172,027
C) $198,215
D) $214,739
E) $359,543

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