Question: 4. You have just made your first $2000 contribution to your individual retirement account. Assuming you earn a 9.5% annual rate of return, what will
4. You have just made your first $2000 contribution to your individual retirement account. Assuming you earn a 9.5% annual rate of return, what will your account be worth when you retire in 30 years. (approximately)? FV = $2,000 (1.095)^30 a) $511,205. $30,441.** $23,117. $19,562. $39,985.
You have just made your first $2000 contribution to your individual retirement account. Assuming you earn a 9.5% annual rate of return, what will your account be worth when you retire in 30 years. (approximately)? a) $511,205. FV=$2,000(1.095)30 b) $30,441. c) $23,117. d) $19,562. e) $39,985
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