If the maximum payment of $5,000 is made into a Individual Retirement Account (IRA) for 25 years at an annual interest rate of 3.2%, determine the amount in the account. Round to the nearest cent. If the maximum payment of $5,000 is made into a Individual Retirement Account (IRA) for 25 years at an annual interest rate of 3.2%, determine the amount in the account. Round to the nearest cent.
a.
$187,159.62
b.
$193,148.73
c.
$129,082.99
d.
$129,427.21
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