Solve the problem. Round to the nearest dollar if needed.To save for retirement, you decide to deposit $2000 into an IRA at the end of each year for the next 40 years. If the interest rate is 9% per year compounded annually, find the value of the IRA after 40 years.
A. $60,819
B. $24,330,719
C. $675,765
D. $618,133
Answer: C
Mathematics
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