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 6.6% (compounded monthly) after 40 ... (Read 134 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: May 5, 2020

Question 1

Find the value of a retirement savings account paying an APR of 6.6% (compounded monthly) after 40 years of monthly contributions (contributions made at the end of each month, including the last month) when the monthly contribution is $70. Round your answer to the nearest cent.
◦ $153,058.18
◦ $151,340.60
◦ $176,383.48
◦ $168,962.63
◦ $164,337.15

Question 2

Find the value of a retirement savings account paying an APR of 6.6% (compounded monthly) after 40 years of monthly contributions (contributions made at the end of each month, including the last month) when the monthly contribution is $170. Round your answer to the nearest cent.
◦ $428,359.87
◦ $410,337.81
◦ $367,541.45
◦ $399,104.52
◦ $371,712.72
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 skymedlock on May 5, 2020

millet

  • Sr. Member
  • ****
  • Posts: 354
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


skymedlock

  • Member
  • Posts: 561
Reply 2 on: May 5, 2020
Gracias!

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

How to use your Fx-991ES Plus Calculator to find the roots of a quadratic equation How to use your Fx-991ES Plus Calculator to find the roots of a quadratic equation
How to find the derivatives of exponential functions How to find the derivatives of exponential functions
How to find the components of a vector found in the first quadrant How to find the components of a vector found in the first quadrant
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
Use the power rule to find derivative Use the power rule to find derivative
Find derivative using quotient rule Find derivative using quotient rule
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library