Determine whether the statement makes sense or does not make sense and explain your reasoning.
By putting $35 at the end of each month into an IRA that pays 4.5% compounded monthly, I'll be able to retire comfortably in just 30 years
Choose the correct answer below.
O A. The statement does not make sense because at the end of 30 years, there will only be approximately $26,579 in the account.
OB. The statement does not make sense because at the end of 30 years, there will only be approximately $39,868 in the account
OC. The statement makes sense because at the end of 30 years, there will be approximately $638,972 in the account.
OD. The statement makes sense because at the end of 30 years, there will be approximately $318,942 in the account,