Solve the problem.To save for retirement, Sue decides to deposit $1500 into an IRA at the end of each year for the next 40 years. If the interest rate is 7% per year compounded annually, find the value of the IRA after 40 years. Round to the nearest dollar.
A. $278,460
B. $299,453
C. $20,962
D. $4,618,809
Answer: B
Mathematics
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A. 0 B. 2 C. -1 D. 1
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Mathematics
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Answer the following statement true (T) or false (F)
Mathematics