ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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You plan to invest $3,500 per year for 39 years into an IRA. What will the value of the IRA be after 39 years if the interest rate is 9% per year? Your answer may vary due to rounding.
A) $1,081,733
B) $37,539
C) $148,785
D) $1,182,589
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