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How Much Can Be Accumulated for Retirement If $2,000 Is

Question 13

Multiple Choice

How much can be accumulated for retirement if $2,000 is deposited annually, beginning 1 year from today, and the account earns 9% interest compounded annually for 40 years?


A) $87,200.00
B) $675,764.89
C) $736,583.73
D) $802,876.27

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