This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Find the value of a retirement savings account paying an APR of 6.6% (compounded monthly) after 40 ... (Read 92 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: May 5, 2020

Question 1

Find the value of a retirement savings account paying an APR of 6.6% (compounded monthly) after 40 years of monthly contributions (contributions made at the end of each month, including the last month) when the monthly contribution is $70. Round your answer to the nearest cent.
◦ $153,058.18
◦ $151,340.60
◦ $176,383.48
◦ $168,962.63
◦ $164,337.15

Question 2

Find the value of a retirement savings account paying an APR of 6.6% (compounded monthly) after 40 years of monthly contributions (contributions made at the end of each month, including the last month) when the monthly contribution is $170. Round your answer to the nearest cent.
◦ $428,359.87
◦ $410,337.81
◦ $367,541.45
◦ $399,104.52
◦ $371,712.72
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

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

millet

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: May 5, 2020
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


skymedlock

  • Member
  • Posts: 561
Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

When children are “launched” into independence, their parents often find new interests together ... When children are “launched” into independence, their parents often find new interests together ...
How to use L’Hospital’s Rule to find the limit of a function (Part 3) How to use L’Hospital’s Rule to find the limit of a function (Part 3)
How to find the unknown angle of a triangle using the sine law (Part 1) How to find the unknown angle of a triangle using the sine law (Part 1)
Find the derivative of g(z) = 4z^7 - 3z^-7 + 9z Find the derivative of g(z) = 4z^7 - 3z^-7 + 9z
Differentiation-find the derivative by the delta method Differentiation-find the derivative by the delta method
Group defenses: Cluster of sawfly caterpillars regurgitating fluid (yellow) that predators find unap Group defenses: Cluster of sawfly caterpillars regurgitating fluid (yellow) that predators find unap
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library