Solve the problem.
-Mark wants to start an IRA that will have $\$ 950,000$ in it when he retires in 15 years. How much should he invest quarterly in his IRA to do this if the interest is $6 \%$ compounded quarterly?
A) $\$ 5694.71$
B) $\$ 9860.76$
C) $\$ 24,816.99$
D) $\$ 9873.76$

Question

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The Answer of Solve the problem.
-Mark wants to start an IRA that will have $\$ 950,000$ in it when he retires in 15 years. How much should he invest quarterly in his IRA to do this if the interest is $6 \%$ compounded quarterly?
A) $\$ 5694.71$
B) $\$ 9860.76$
C) $\$ 24,816.99$
D) $\$ 9873.76$

Solve the Problem $950,000\$ 950,000$950,000 In It When He Retires in 15 Years

Solve the Problem $\$ 950,000$ In It When He Retires in 15 Years