Mathematics, 31.07.2021 14:00 dontworry48
Find the final amount in each of these retirement accounts, in which the rate
of return on the account and the regular contribution change over time,
(a) $400 per month invested at 4%, compounded monthly, for 10 years, then
$600 per month invested at 6%, compounded monthly, for 10 years
(b) $1,000 per quarter invested at 4.42%, compounded quarterly, for 10 years,
then $1,500 per quarter invested at 7.4%, compounded quarterly, for 15
years
Answers: 2
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Find the final amount in each of these retirement accounts, in which the rate
of return on the acco...
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