This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The value of a retirement savings account with a monthly contribution of $150 (contributions made at ... (Read 85 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: May 5, 2020
The value of a retirement savings account with a monthly contribution of $150 (contributions made at the end of each month, including the last month), and an APR of 6.0% (compounded monthly) after 40 years is $298,723.61. Find the value of this retirement savings account after 45 years. Round your answer to the nearest cent.
◦ $413,398.89
◦ $400,660.01
◦ $426,593.02
◦ $382,938.32
◦ $400,326.64
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 jazziefee on May 5, 2020

BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
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 29% of students answer this correctly


jazziefee

  • Member
  • Posts: 505
Reply 2 on: May 5, 2020
Excellent

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Cambrian trilobite, with a shell made of calcium carbonate. Cambrian trilobite, with a shell made of calcium carbonate.
Cystostomy. An artificial opening is made through the urinary bladder wall during this procedure. As Cystostomy. An artificial opening is made through the urinary bladder wall during this procedure. As
Here's how comic book heroes are made Here's how comic book heroes are made
The Morris Adjustable Chair, designed by Philip Webb, made by Morris, Marshall, Faulkner & Co. The Morris Adjustable Chair, designed by Philip Webb, made by Morris, Marshall, Faulkner & Co.
Foods made with fat substitutes aren’t calorie free Foods made with fat substitutes aren’t calorie free
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Video: Epidural Hematoma

For a complete list of videos, visit our video library