When Jim retires in 8 years, he expects to live lavishly on the money in a retirement account that is earning 6% interest, compounded semiannually.If the account now contains $157,000, how much will
Be available at retirement?
A)$252,039.25
B)$252,038.91
C)$289,729.75
D)$251,938.91
E)$252,939.03

Question

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The Answer of When Jim retires in 8 years, he expects to live lavishly on the money in a retirement account that is earning 6% interest, compounded semiannually.If the account now contains $157,000, how much will
Be available at retirement?
A)$252,039.25
B)$252,038.91
C)$289,729.75
D)$251,938.91
E)$252,939.03

When Jim Retires in 8 Years, He Expects to Live