Alex wants to start an IRA that will have $1,250,675 in it when he retires in 30 years. How much should he invest semiannually in his IRA to do this if the interest is 4.5% compounded semiannually? Assume an Annuity Due. Round to the nearest cent.a.$9,698.12c.$9,828.44b.$9,728.66d.$9,931.10

Question

Revolt · Accepted Answer

C

Amortization

Alex wants to start an IRA that will have $1,250,675 in it when he retires in 30 years. How much should he invest semiannually in his IRA to do this if the interest is 4.5% compounded semiannually? Assume an Annuity Due. Round to the nearest cent.a.$9,698.12c.$9,828.44b.$9,728.66d.$9,931.10

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