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

Question

Quizplus · Accepted Answer

The Answer of 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

When Jim Retires in 9 Years, He Expects to Live