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Miguel decides to set up a retirement fund by depositing 15,000 at the end pf each year for 40 years. How much will he have
Miguel decides to set up a retirement fund by depositing 15,000 at the end pf each year for 40 years. How much will he have then, if the interest rate is 8% compounded semiannually
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A. 600000.00
B. 4053271.89
C. 5097658.89
D. 5957050.89
E. None of the above
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