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Author Question: Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions ... (Read 263 times)

oliviahorn72

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Question 1

Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions made at the end of each year, including the last year) when the annual contribution is $840. Round your answer to the nearest cent.
◦ $179,245.06
◦ $158,587.63
◦ $150,293.50
◦ $149,099.04
◦ $168,624.83

Question 2

Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions made at the end of each year, including the last year) when the annual contribution is $2040. Round your answer to the nearest cent.
◦ $364,998.51
◦ $435,309.45
◦ $409,517.44
◦ $399,480.24
◦ $385,139.35


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Marked as best answer by oliviahorn72 on May 5, 2020

momtoalll

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oliviahorn72

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Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it


bigsis44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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