Anna wishes to have $800,000 in her retirement fund in 20 years.If she contributes $2,000 per month at the start of each month for 20 years, what must she deposit now to achieve this goal? Assume interest is 9.2% compounded semi-annually.
A) $91,127
B) $101,656
C) $102,443
D) $103,982
Correct Answer:
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