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Solve the problem. Round to the nearest cent. Larry wants to start an IRA that will have $740,000 in it when he retires in 24

Solve the problem. Round to the nearest cent. Larry wants to start an IRA that will have $740,000 in it when he retires in 24 years. How much should he invest semiannually in his IRA to do this if the interest is 5% compounded semiannually? Select one: a. $8131.44 b. $22,875.49 c. $8144.44 d. $5364.05

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