If a 16-Year-Old High School Student Put $2,000 at the End

question 36

Multiple Choice

If a 16-year-old high school student put $2,000 at the end of each year for 4 years into an IRA that earned a rate of 9%, how much would she have accumulated by age 65? Assume funds are left to accumulate for 45 years (age 20-65) at 9%.

• A) $442,014
• B) $386,616
• C) $1,767,995
• D) $9,146

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