Solve the problem.
-Larry wants to start an IRA that will have $\$ 480,000$ in it when he retires in 17 years. How much should he invest semiannually in his IRA to do this if the interest is 5\% compounded semiannually?
A) $\$ 23,005.33$
B) $\$ 9110.24$
C) $\$ 5138.33$
D) $\$ 9123.24$

Question

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The Answer of Solve the problem.
-Larry wants to start an IRA that will have $\$ 480,000$ in it when he retires in 17 years. How much should he invest semiannually in his IRA to do this if the interest is 5\% compounded semiannually?
A) $\$ 23,005.33$
B) $\$ 9110.24$
C) $\$ 5138.33$
D) $\$ 9123.24$

Solve the Problem $480,000\$ 480,000$480,000 In It When He Retires in 17 Years

Solve the Problem $\$ 480,000$ In It When He Retires in 17 Years