Multiple Choice
Bill Clinton plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for the next 20 years.If Bill he can earn 12 percent on his contributions, how much will he have at the end of the twentieth year?
A) $19,292.
B) $14,938.
C) $40,000.
D) $144,104.
Correct Answer:
Verified
Correct Answer:
Verified
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