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

Author Question: The value of a retirement savings account with an annual contribution of $1800 (contributions made ... (Read 201 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539

Question 1

Find the value of a retirement savings account paying an APR of 6.2% after 40 years (contributions made at the end of each year, including the last year) when the annual contribution is $2700. Round your answer to the nearest cent.
◦ $469,404.24
◦ $439,457.86
◦ $411,259.75
◦ $434,574.99
◦ $486,451.91

Question 2

The value of a retirement savings account with an annual contribution of $1800 (contributions made at the end of each year, including the last year), and an APR of 5.4% after 40 years is $239,880.81.
Find the value of this retirement savings account after 45 years. Round your answer to the nearest cent.
◦ $312,992.88
◦ $303,849.63
◦ $341,248.61
◦ $322,057.51
◦ $331,414.49


Related Topics

Need homework help now?

Ask unlimited questions for free

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

matt95

  • Sr. Member
  • ****
  • Posts: 317
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 29% of students answer this correctly




imanialler

  • Member
  • Posts: 539
Reply 2 on: May 5, 2020
Gracias!


isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library