Solve the problem.To save for retirement, you decide to deposit $1250 into an IRA at the end of each year for the next 30 years. If the interest rate is 7% per year compounded annually, find the value of the IRA after 30 years. (Round to the nearest dollar.)

A. $118,076
B. $2,345,670
C. $8265
D. $109,183


Answer: A

Mathematics

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A.
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D.

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A.

B.

C.

D.

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Mathematics