This topic contains a solution. Click here to go to the answer

Author Question: Find the value of a retirement savings account paying an APR of 6.2% after 40 years (contributions ... (Read 276 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593

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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by laurencescou on May 5, 2020

wtf444

  • Sr. Member
  • ****
  • Posts: 314
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly




laurencescou

  • Member
  • Posts: 593
Reply 2 on: May 5, 2020
Excellent


ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

For a complete list of videos, visit our video library