Daniel Deposits $2,000 Per Year at the End of the Year

question 24

Multiple Choice

Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How much will Daniel have on deposit at the end of the 15 years?

• A) $39,981
• B) $46,753
• C) $49,002
• D) $50,258

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