Solve the problem.Richard deposits $2000 in an IRA at 10% interest compounded continuously for his retirement in 25 years. He intends to make continuous deposits at the rate of $2500 a year. How long will it take for Richard to accumulate $90,000?
A. 14.5 years
B. 14.1 years
C. 12.5 years
D. 13.6 years
Answer: A
Mathematics
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