Multiple Choice
Larry wants to start an IRA that will have $ 400,000 in it when he retires in 22 years. How much should he invest semiannually in his IRA to do this if the interest is 9% compounded semiannually?
A) $ 3019.28
B) $ 11,018.26
C) $ 3032.28
D) $ 2889.93
Correct Answer:
Verified
Correct Answer:
Verified
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