Suppose That Bob Delays Starting an IRA for the First

Multiple Choice

Suppose that Bob delays starting an IRA for the first 10 years he works but then makes $2,000 deposits at the end of each of the next 15 years. If the annual interest rate is 8%, compounded annually, and if he leaves the money in his account for 5 additional years, how much will be in his account at the end of the 30-year period? Round your answer to the nearest cent. ​

A) $79,790.73
B) $73,880.30
C) $68,407.69
D) $63,340.45
E) $93,067.90