Future Value of Multiple Annuities Assume That You Contribute $200

question 27

Multiple Choice

Future Value of Multiple Annuities Assume that you contribute $200 per month to a retirement plan for 15 years.Then you are able to increase the contribution to $400 per month for another 25 years.Given a 5 percent interest rate,what is the value of your retirement plan after 40 years?

• A)$424,305.97
• B)$24,159.95
• C)$28,475.66
• D)$72,479.86

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