Solve the problem.Larry wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in his IRA to do this if the interest is 6% compounded semiannually?
A. $2216.91
B. $4556.68
C. $2303.29
D. $2216.37
Answer: D
Mathematics
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