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Mathematics 30 Online
OpenStudy (anonymous):

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. $9,698.12 c. $9,828.44 b. $9,728.66 d. $9,931.10

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