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

Author Question: Find the value of a retirement savings account paying an APR of 6.6% (compounded monthly) after 40 ... (Read 178 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561

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


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
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
Excellent


recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

For a complete list of videos, visit our video library