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OpenStudy (anonymous):
Stan wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in his IRA to do this if the interest is 6% compounded semiannually? Assume an Annuity Due. Round to the nearest cent. a. $2,151.82 c. $2,303.29 b. $2,216.91 d. $4,556.68
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