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If Jill plans to invest $2,500 at the end of each year for the next 20 years in an individual retirement account, how much will

  1. If Jill plans to invest $2,500 at the end of each year for the next 20 years in an individual retirement account, how much will she have accumulated if she earns 6% compounded annually?

a.

$8,017

b.

$28,675

c.

$91,963

d.

$160,357

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