Solve the problem.To save for retirement, you decide to deposit $1250 into an IRA at the end of each year for the next 35 years. If the interest rate is 6% per year compounded annually, find the value of the IRA after 35 years. (Round to the nearest dollar.)
A. $8358
B. $1,581,847
C. $139,293
D. $130,230
Answer: C
Mathematics
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Mathematics