Ira Roth opens up a Roth IRA and places 4,500 in his retirement account at the beginning of each year for 20 years.He believes the account will earn 8 percent interest per year,compounded quarterly.How much will he have in his retirement account in 20 years?
A) $219,228.48
B) $187,231.63
C) $228,912.40
D) $266,255.40
Correct Answer:
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