Emily Rideout Deposits $2,000 at the End of Each of the 5

question 82

Multiple Choice

Emily Rideout deposits $2,000 at the end of each of the 5 years she qualifies for an IRA. If she leaves the money that has accumulated in the IRA account for 25 additional years, how much is in her account at the end of the 30-year period? Assume an annual interest rate of 8.1%, compounded annually. Round your answer to the nearest cent. ​

• A)$17,354.45
• B)$82,399.55
• C)$458,820.59
• D)$293,915.51
• E)$12,708.91

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Definitions:

Logistics

Process of coordinating flow of goods, services, and information among members of the supply chain.

Supply Chain

Complete sequence of suppliers that contribute to creating a good or service and delivering it to business users and final consumers.

Physical Distribution

Actual movement of products from producer to consumers or business users.

Direct Distribution Channel

Marketing channel that moves goods directly from producer to ultimate user.