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How much can be accumulated for retirement

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Reference no: EM132939382

Problem 1: How much can be accumulated for retirement if $2,000 is deposited annually, beginning one year from today, and the account earns 9 percent interest compounded semi-annually for 40 years?

Option 1: $812,376.27

Option 2: $675,764.89

Option 3: $86,200.00

Option 4: $713,503.86

Reference no: EM132939382

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