Javier has decided to put $2,000 a year (at the end of each year) into...
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Finance
Javier has decided to put $2,000 a year (at the end of each year) into an IRA over his 40-year working life and then retire. What will Javier have in 40 years (rounded to the nearest dollar) if the account will earn 10.00%, compounded annually?
| A. | $19,558 |
| B. | $885,185 |
| C. | $973,704 |
| D. | $1,038,071 |
| E. | $1,625,217 |
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