Solve the problem. Round to the nearest cent.Larry wants to start an IRA that will have $740,000 in it when he retires in 24 years. How much should he invest semiannually in his IRA to do this if the interest is 5% compounded semiannually?

A. $5364.05
B. $8144.44
C. $8131.44
D. $22,875.49


Answer: B

Mathematics

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