Multiple Choice
Solve.
-To save for retirement, you decide to deposit $2,500 into an IRA at the end of each year for the next 30years. If the interest rate is 7% per year compounded annually, find the value of the IRA after 30 years.(Round to the nearest dollar.)
A) $236,152
B) $16,531
C) $218,366
D) $4,691,339
Correct Answer:
Verified
Correct Answer:
Verified
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