Question: Billy Bob has decided to put $ 2 , 4 0 0 a year ( at the beginning of each year ) into an IRA

Billy Bob has decided to put $2,400 a year (at the beginning of each year) into an IRA over his 40 years working life and then retire. What will Billy have in his IRA account if the account will earn 10% compounded annually?
Group of answer choices
$1,168,444
$892,008
$437,565
$1,125,817

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