When Jim Retires in 9 Years, He Expects to Live

question 60

Multiple Choice

When Jim retires in 9 years, he expects to live lavishly on the money in a retirement account that is earning 8% interest, compounded semiannually.If the account now contains $152,500, how much will
Be available at retirement?

• A)$309,037.36
• B)$309,937.14
• C)$308,937.02
• D)$309,037.02
• E)$355,277.57

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Definitions:

Pre-

A prefix in medical terminology indicating "before" or "prior to."

Pro-

A prefix in English indicating before, in front of, or favoring.

After

Referring to a time or event that happens subsequent to a specific time or event.

Behind

At the back of, or in a position trailing something or someone.