# Sondra deposits $2,000 in an IRA account on April 15, 2009. Assume the account will earn 3% annually. If she

## Question:

Sondra deposits $2,000 in an IRA account on April 15, 2009. 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, 2019?

A. $20,600.

B. $20,728.

C. $23,616.

D. $24,715

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**Related Book For**

## Contemporary Business Mathematics with Canadian Applications

**ISBN:** 978-0133052312

10th edition

**Authors:** S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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