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Larry is starting his retirement fund by investing $12,000 into an IRA today.Heplansto invest $12,000 a year for the next25 years.If the IRA can earn

Larry is starting his retirement fund by investing $12,000 into an IRA today.Heplansto invest $12,000 a year for the next25 years.If the IRA can earn 6.5% annual interest, about how much will be in Larry'sIRA at the end of25 years?

a. $300,000

b $1,010,730

c $829,882

d $752,584

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