Jimmy is analyzing his retirement account and contributions. Currently, he has $34,500 in his retirement...
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Jimmy is analyzing his retirement account and contributions. Currently, he has $34,500 in his retirement account. He has been adding $450 per month to it. If Jimmy continues contributing that amount each month for the next 25 years, what will his account be worth when he retires? The account earns, on average, an APR of 9.25%, compounded monthly. O a) $180,655.71 b) $63,762.96 Oc) $871,378.99 O d) $754,486.24 O e) $836,042.69
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