When the annual contribution is $12001200, the value of a retirement savings account paying an APR of 6.26.2% after 3535 years is $204,801.39204,801.39. (Do not round until the final answer. Then round to the nearest cent as needed.)
When the annual contribution is $12001200, the value of a retirement savings account paying an APR of 6.26.2% after 3535 years is $204,801.39204,801.39. (Do not round until the final answer. Then round to the nearest cent as needed.)
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Question
When the annual contribution is
$12001200,
the value of a retirement savings account paying an APR of
6.26.2%
after
3535
years is
$204,801.39204,801.39.
(Do not round until the final answer. Then round to the nearest cent as needed.)
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