Question:find the final amount in the following retirement account, in which
the rate of return on...
Question
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. $454 per month invested at 6%, compouded monthly,
for 7 years; then $780 per month invested at 7%, compounded
monthly, for 7 years.
What is the amount in the account after 14 years ?