Solve the problem. Round to the nearest cent.Mark wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest quarterly in his IRA to do this if the interest is 7% compounded quarterly?

A. $7181.79
B. $1748.94
C. $1514.79
D. $937.20


Answer: D

Mathematics

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A.

B.

C.

D.

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Mathematics