Sara decides to set up retirement fund by depositing 1500, Financial Accounting

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Sara decides to set up retirement fund by depositing 1500

Sara decides to set up retirement fund by depositing $1500 at the end of each month for 40 years. How much will she have then, if the interest rate is 8% compounded semiannually?

Options:

A. 5043260.97

B. 5100098.97

C. 5307115.97

D. 5908080.97

E. None of the above

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Financial Accounting: Sara decides to set up retirement fund by depositing 1500

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