Use an annuity table to solve the problem. Round to the nearest cent.A 48-year-old man deposits a total of $2000 per year in an IRA at the end of each year until age 65. How much money will be in the account if the interest rate is 10% compounded semiannually with payments made at the end of each semiannual period?
A. $85,066.96
B. $80,063.77
C. $170,133.92
D. $160,127.54
Answer: A
Mathematics
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