Multiple Choice
When Jim retires in 14 years, he expects to live lavishly on the money in a retirement account that is earning 9% interest, compounded semiannually.If the account now contains $147,000, how much will
Be available at retirement?
A) $505,166.02
B) $504,265.90
C) $504,266.24
D) $504,165.90
E) $579,790.79
Correct Answer:
Verified
Correct Answer:
Verified
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