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Author Question: Consider a retirement savings account where the monthly contribution is $175 for the first 20 years, ... (Read 101 times)

Lobcity

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on: May 5, 2020
Consider a retirement savings account where the monthly contribution is $175 for the first 20 years, is increased to $225 for the next 5 years, and then is increased once again to $375 for the last 15 years. The APR is always 4.8% compounded monthly. What is the value of the account at the end of 40 years?
Round your answer to the nearest cent.
◦ $312,009.78
◦ $310,143.23
◦ $315,938.12
◦ $314,907.23
◦ $313,040.67
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by Lobcity on May 5, 2020

krakiolit

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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.
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Lobcity

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

gcook

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

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