Jim Will Retire in 30 Years $\quad \$ 469,966$ B) $\$ 422,933$

Multiple Choice

Jim will retire in 30 years.He will invest $200 each month for 15 years and then let the accumulated value continue to grow for the next 15 years.How much will be available at retirement? Assume 11%,
Compounded monthly.Round to the nearest dollar.

A) $\quad \$ 469,966$
B) $\$ 422,933$
C) $\quad \$ 446,482$
D) $\$ 451,127$
E) $\quad \$ 469,924$