If your parents put $2,000 a year into an IRA account for you in each of your last 4 teenage years (age 16,17,18, and 19) , how much would the IRA account have in it at your retirement 45 years later if the account earned 12% each year? (Assume end-of-year payments.)
A) $1,569,758
B) $68,613
C) $3,457,169
D) $1,148,958
Correct Answer:
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