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Author Question: The value of a retirement savings account with a monthly contribution of $150 (contributions made at ... (Read 217 times)

jazziefee

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The value of a retirement savings account with a monthly contribution of $150 (contributions made at the end of each month, including the last month), and an APR of 6.0% (compounded monthly) after 40 years is $298,723.61. Find the value of this retirement savings account after 45 years. Round your answer to the nearest cent.
◦ $413,398.89
◦ $400,660.01
◦ $426,593.02
◦ $382,938.32
◦ $400,326.64


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Marked as best answer by jazziefee on May 5, 2020

BUTTHOL369

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jazziefee

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Reply 2 on: May 5, 2020
Great answer, keep it coming :)


LVPMS

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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