Larry wants to start an IRA that will have $810,000 in it when he retires in 19 years. How much should he invest semiannually in his IRA to do this if the interest is 8% compounded semiannually?
A) $9408.85
B) $29,272.28
C) $9421.85
D) 7176.10
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Home » Mathematics » Larry wants to start an IRA that will have $810,000 in it when he retires in 19 years. How much should he invest semiannually in his IRA to do this if the interest is 8% compounded semiannually? A) $9408.85 B) $29,272.28 C) $9421.85 D) 7176.10