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Author Question: Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, ... (Read 127 times)

newbem

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on: May 5, 2020
Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, is increased to $250 for the next 15 years, and then is increased once again to $350 for the last 15 years. The APR is always 6.0% compounded monthly. What is the value of the account at the end of 45 years?
Round your answer to the nearest cent.
◦ $529,152.30
◦ $542,932.26
◦ $545,144.24
◦ $550,656.23
◦ $548,444.50
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by newbem on May 5, 2020

Meganchabluk

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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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newbem

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

AngeliqueG

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

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