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

Author Question: Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, ... (Read 41 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
on: May 5, 2020
Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, is increased to $225 for the next 15 years, and then is increased once again to $300 for the last 15 years. The APR is always 4.8% compounded monthly. What is the value of the account at the end of 45 years?
Round your answer to the nearest cent.
◦ $369,963.02
◦ $366,146.09
◦ $363,368.08
◦ $356,603.76
◦ $367,185.01
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 Garrulous on May 5, 2020

juicepod

  • Sr. Member
  • ****
  • Posts: 310
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 35% of students answer this correctly


Garrulous

  • Member
  • Posts: 686
Reply 2 on: May 5, 2020
YES! Correct, THANKS for helping me on my review

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Defying thousands of years of conventional wisdom, scientists are reporting that it is possible for Defying thousands of years of conventional wisdom, scientists are reporting that it is possible for
Measurements of solar cycle variation during the last 30 years Measurements of solar cycle variation during the last 30 years
Agriculture in 10,000 years ago Agriculture in 10,000 years ago
Buildings account for 15% of greenhouse gas emissions Buildings account for 15% of greenhouse gas emissions
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years
Beak size in finches during dry years increases because of strong selection Beak size in finches during dry years increases because of strong selection
Video: Causes of Acne

For a complete list of videos, visit our video library