Joe expects to start working immediately after graduation and he is already planning to retire

He wants to retire in twenty-five years and hopes that he will be able to do so comfortably by investing $2,000 at the end of each year throughout this period. If he earns 5% compounded annually, how much will be in his retirement fund in twenty-five years?
A) $95,454.20
B) $54,000.00
C) $169,317.75
D) $102,226.00
E) $76,345.93


A

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What will be an ideal response?

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