Multiple Choice
Ralph has decided to put $2,400 a year (at the end of each year) into an IRA over his 40 year working life and then retire. What will Ralph have at retirement if the account earns 10 percent compounded annually?
A) $394,786
B) $23,470
C) $1,062,223
D) $810,917
Correct Answer:
Verified
Correct Answer:
Verified
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