If the maximum payment of $5,000 is made into a Individual Retirement Account (IRA) for 25 years at an annual interest rate of 3.2%, determine the amount in the account.Round to the nearest cent.a.$187,159.62b.$193,148.73c.$129,082.99d.$129,427.21

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A

Retirement Savings Options

If the maximum payment of $5,000 is made into a Individual Retirement Account (IRA) for 25 years at an annual interest rate of 3.2%, determine the amount in the account.Round to the nearest cent.a.$187,159.62b.$193,148.73c.$129,082.99d.$129,427.21

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