Aroth individual retirement account allows you to draw a fixed amount that is not taxed. the maximum amount that an individual can contribute annually to a roth ira is $5,000. determine the future value of such an account given that the annual percent rate is 1.2%, and an annual payment of $2,675.32 is made at the end of each year for 30 years. round to the nearest cent. a. $95,245.67 b. $95,340.91 c. $97,074.97 d. $95,923.88

Let P=2675.32, r=0.012.

Let's start by solving a different problem. If we deposit P at the end of year 1 and make no other deposits, how much do we have at year t?

After 1 year we have P, after 2 years P(1+r), after t years,

We need to add up n=30 of these:

That's an n term geometric series, straightforwardly summed:

Substituting,

d

the answer is (-8,-5)

step-by-step explanation:

the endpoint to midpoint is half the length. the length is (-2,-1) so when you are at the midpoint just add it to it to find your answer -6+(-2)= -8 and -4+(-1)=-5 so (-8,-5)