Multiple Choice
Jim will retire in 30 years.He will invest $100 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 9%,
Compounded monthly.Round to the nearest dollar.
A) $130,692
B) $145,234
C) $139,399
D) $145,207
E) $138,014
Correct Answer:
Verified
Correct Answer:
Verified
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