Find the final amount in the following retirement account, in which the rate of return on...

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Find the final amount in the following retirement account, in which the rate of return on...

Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time.

$460 per month invested at 4%, compounded monthly, for 4 years; then $571 per month invested at 6%, compounded monthly, for 4 years.

What is the amount in the account after 8 years?

math Statistics-And-Probability

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Answer 1

Answer #1

ist ease 6480 pen year Amant ar 糸.ie.勿n.ヅ 2m ^. 48-6 S486 2nd casu /2 6 252 Therefore, the amount in the account after 8 years is

$336700.80 + $370693.20 = $70,7394

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Answer 2

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