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Author Question: Consider a retirement savings account where the monthly contribution is $125 for the first 10 years, ... (Read 37 times)

jace

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on: May 5, 2020
Consider a retirement savings account where the monthly contribution is $125 for the first 10 years, is increased to $225 for the next 25 years, and then is increased once again to $400 for the last 5 years. The APR is always 6.6% compounded monthly. What is the value of the account at the end of 40 years?
Round your answer to the nearest cent.
◦ $359,959.20
◦ $421,601.45
◦ $418,651.04
◦ $406,912.67
◦ $409,863.08
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by jace on May 5, 2020

nhea

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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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jace

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Reply 2 on: May 5, 2020
Excellent

coreycathey

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

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