8
QuizMultiple Choice

Retirement Savings Options

Question 8 • T1 - 4 RMA-TX-Financial Math-B

Marnie makes regular annual payments of $5,000 to her Individual Retirement Account (IRA). If the amount of interest she earns is 5.6% per year, determine the future value of the account after 35 years. Round to the nearest cent.a.$540,581.69b.$511,914.48c.$190,508.32d.$189,623.41

Answer
A
A
B
B
C
C
D
D
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