This topic contains a solution. Click here to go to the answer

Author Question: Find the value of a retirement savings account with a monthly contribution of $50 (contributions ... (Read 528 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556

Question 1

Find the value of a retirement savings account with a monthly contribution of $50 (contributions made at the end of each month, including the last month), and an APR of 6.0% (compounded monthly) after years. Round your answer to the nearest cent.
◦ $190,081.91
◦ $177,777.83
◦ $177,135.09
◦ $168,912.35
◦ $183,482.05

Question 2

Find the value of a retirement savings account with a monthly contribution of $50 (contributions made at the end of each month, including the last month), and an APR of 4.8% (compounded monthly) after years. Round your answer to the nearest cent.
◦ $138,420.00
◦ $147,307.35
◦ $134,013.40
◦ $137,058.22
◦ $142,078.50


Related Topics

Need homework help now?

Ask unlimited questions for free

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

brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
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




abarnes

  • Member
  • Posts: 556
Reply 2 on: May 5, 2020
Great answer, keep it coming :)


samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

For a complete list of videos, visit our video library