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How much can be accumulated for retirement

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Question - 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?

a. $812,376.27

b. $675,764.89

c. $86,200.00

d. $713,503.86

Reference no: EM133042626

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