You Currently Have $150,000 in an IRA Designated for Retirement

Multiple Choice

You currently have $150,000 in an IRA designated for retirement. If you save an additional $100 at the end of every month and expect to earn an annual return of 12 percent, how much do you expect to have in the IRA in 10 years?

A) $467,632
B) $518,062
C) $732,546
D) $949,328
E) $1,215,234