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

Author Question: Consider a retirement savings account where the monthly contribution is $150 for the first 10 years, ... (Read 30 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
Consider a retirement savings account where the monthly contribution is $150 for the first 10 years, is increased to $200 for the next 20 years, and then is increased once again to $250 for the last 15 years. The APR is always 5.1% compounded monthly. What is the value of the account at the end of 45 years?
Round your answer to the nearest cent.
◦ $384,840.75
◦ $380,662.67
◦ $387,291.43
◦ $391,468.51
◦ $389,016.83


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Collmarie on May 5, 2020

stallen

  • Sr. Member
  • ****
  • Posts: 336
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




Collmarie

  • Member
  • Posts: 569
Reply 2 on: May 5, 2020
Wow, this really help


kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library