Topic 4 Homework Question 15 of 25 (1 point) Question Attempt: 4 of Unlimited
Madison
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To plan for retirement, Maria deposits $105 each month in an annuity that pays 7.5% interest, compounded monthly. Payments will be made at the end of each
month. Find the total value of the annuity in 26 years.
Do not round any intermediate computations, and round your final answer to the nearest cent.
f necessary, refer to the list of financial formulas.
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$
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huh

Step-by-step explanation:

$655.61 which is option c

step-by-step explanation:

price of house =   $146,000

initial rate = 3.5%

mortgaged paid in this = 3.5 % of $146,000

                                        =

                                        =$5110

the total years would be = 7

total mortgaged paid = 7 * $5110

                                      =$35770

remaining money = $146000-35770

                                =$110230

new mortgaged payment = 5 % of 110230

                                            =  

                                            =$655.61

answer: a) 56% women

b)44% men

step-by-step explanation: