Question 7 Not yet answered James plans to fund his individual retirement account, beginning today, with 14 annual deposits of $1,000, which he will continue for the next 14 years. If he can earn an annual compound rate of 12 percent on his deposits, the amount in the account upon retirement will Marked out of 2.00 be: P Flag question FI Select one: O a. $39,544.70 O b. $38,992.73 O c. $40,446.26 O d. $36,279.71