Multiple Choice
When Jim retires in 14 years, he expects to live lavishly on the money in a retirement account that is earning 5% interest, compounded semiannually.If the account now contains $149,500, how much will
Be available at retirement?
A) $298,576.01
B) $298,576.35
C) $343,247.41
D) $298,476.01
E) $299,476.13
Correct Answer:
Verified
Correct Answer:
Verified
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