James Plans to Fund His Individual Retirement Account,beginning Today,with 20

Multiple Choice

James plans to fund his individual retirement account,beginning today,with 20 annual deposits of $2,000.If he can earn an annual compound rate of 8 percent on his deposits,the amount in the account 20 years from today will be ________.

A) $19,636
B) $91,524
C) $98,846
D) $21,207