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 5.4% (compounded monthly) after 45 ... (Read 424 times)

Destiiny22

  • Hero Member
  • *****
  • Posts: 557
on: May 5, 2020

Question 1

Find the value of a retirement savings account paying an APR of 5.4% (compounded monthly) after 45 years of monthly contributions (contributions made at the end of each month, including the last month) when the monthly contribution is $140. Round your answer to the nearest cent.
◦ $339,811.23
◦ $301,919.70
◦ $330,340.24
◦ $300,587.01
◦ $320,355.20

Question 2

Find the value of a retirement savings account paying an APR of 5.4% (compounded monthly) after 45 years of monthly contributions (contributions made at the end of each month, including the last month) when the monthly contribution is $75. Round your answer to the nearest cent.
◦ $161,742.70
◦ $176,967.99
◦ $171,618.86
◦ $182,041.73
◦ $161,028.76
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 Destiiny22 on May 5, 2020

chem1s3

  • Sr. Member
  • ****
  • Posts: 320
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


Destiiny22

  • Member
  • Posts: 557
Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

How to find the slope of a line using any two points How to find the slope of a line using any two points
Find the final velocity of the object Find the final velocity of the object
Use the power rule to find derivative Use the power rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Find the equivalent replacement payments for the following scheduled payment. Find the equivalent replacement payments for the following scheduled payment.
Analysis of double-mutant phenotypes to find order of genes in developmental pathways Analysis of double-mutant phenotypes to find order of genes in developmental pathways
Video: Diversity of Living Creatures - Charles Darwin & the Beagle's Voyage

For a complete list of videos, visit our video library