What lump sum should be deposited in an account that will earn at an annual rate of 9%, compounded quarterly, to grow to $130,000 for retirement in 30 years?

a.  ?$9,002.13
b.  ?$9,798.25
c.  ?$11,016.95
d.  ?$35,135.14
e.  ?$8,825.18


a.  ?$9,002.13

Mathematics

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