Solve the problem.To save for retirement, you decide to deposit $1500 into an IRA at the end of each year for the next 30 years. If the interest rate is 6% per year compounded annually, find the value of the IRA after 30 years. (Round to the nearest dollar.)
A. $118,587
B. $110,460
C. $1,483,602
D. $7115
Answer: A
Mathematics
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Mathematics