Solve the problem. Round to the nearest dollar if needed.To save for retirement, you decide to deposit $2500 into an IRA at the end of each year for the next 35 years. If the interest rate is 9% per year compounded annually, find the value of the IRA after 35 years.

A. $48,535
B. $23,272,500
C. $539,277
D. $492,456


Answer: C

Mathematics

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