Solve the problem.To save for retirement, you decide to deposit $2500 into an IRA at the end of each year for the next 40 years. If the interest rate is 9% per year compounded annually, find the value of the IRA after 40 years. (Round to the nearest dollar.)

A. $30,413,398
B. $844,706
C. $772,666
D. $76,024

Answer: B

Mathematics

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