Multiple Choice
When Jim retires in 8 years, he expects to live lavishly on the money in a retirement account that is earning 6% interest, compounded semiannually.If the account now contains $157,000, how much will
Be available at retirement?
A) $252,039.25
B) $252,038.91
C) $289,729.75
D) $251,938.91
E) $252,939.03
Correct Answer:
Verified
Correct Answer:
Verified
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