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Author Question: Find the value of a retirement savings account paying an APR of 6.2% after 40 years (contributions ... (Read 295 times)

laurencescou

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Question 1

Find the value of a retirement savings account paying an APR of 6.2% after 40 years (contributions made at the end of each year, including the last year) when the annual contribution is $1680. Round your answer to the nearest cent.
◦ $302,681.19
◦ $273,440.44
◦ $255,894.95
◦ $292,073.75
◦ $268,557.57

Question 2

Find the value of a retirement savings account paying an APR of 6.2% after 40 years (contributions made at the end of each year, including the last year) when the annual contribution is $900. Round your answer to the nearest cent.
◦ $137,086.58
◦ $156,468.08
◦ $146,485.95
◦ $141,603.08
◦ $162,150.63


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Marked as best answer by laurencescou on May 5, 2020

wtf444

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laurencescou

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Reply 2 on: May 5, 2020
Excellent


elyse44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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