Decides to set up a retirement fund by depositing

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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 then, if the interest rate is 8% compounded semi annually


A. 600000.00

B. 4053271.89

C. 5097658.89

D. 5957050.89


E. None of the above

Reference no: EM13789465

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