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Scott invests $5,000 today into a retirement account. He expects to earn 9 percent, compounded...

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Question

Finance

Scott invests $5,000 today into a retirement account. He expects to earn 9 percent, compounded quarterly, on his money for the next 30 years. After
when he retires 45 years from now, assuming this is the only deposit he makes into the account?
Multiple Choice
$115,361.12
$173,043.77
$90,237.16
$175,260.78
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