Sharon decides to put $5,000 into her IRA at age of 25. She will continue to invest the same amount for the next 6 years and then stop contributing. Assume 10% annual return.
-How much money will Sharon have in her IRA when she is ready to retire at age of 62?
A) $554,856
B) $623,245
C) $738,578
D) $814,527
Correct Answer:
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