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Author Question: The value of a retirement savings account with an annual contribution of $1800 (contributions made ... (Read 122 times)

imanialler

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on: May 5, 2020

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
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by imanialler on May 5, 2020

matt95

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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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imanialler

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Reply 2 on: May 5, 2020
Wow, this really help

amcvicar

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

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