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Sondra Deposits $2,000 in an IRA Account on April 15

Question 62

Multiple Choice

Sondra deposits $2,000 in an IRA account on April 15, 2013. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2023?


A) $20,600.
B) $20,928.
C) $23,616.
D) $24,715.

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