When Jim retires in 8 years, he expects to live lavishly on the money in a retirement account that is earning 9% interest, compounded semiannually.If the account now contains $152,000, how much will
Be available at retirement?
A)$308,400.38
B)$307,500.60
C)$353,510.30
D)$307,500.26
E)$307,400.26

Question

Quizplus · Accepted Answer

The Answer of When Jim retires in 8 years, he expects to live lavishly on the money in a retirement account that is earning 9% interest, compounded semiannually.If the account now contains $152,000, how much will
Be available at retirement?
A)$308,400.38
B)$307,500.60
C)$353,510.30
D)$307,500.26
E)$307,400.26

When Jim Retires in 8 Years, He Expects to Live