Question: Math 164- Signature Assignment Instructions: Show your steps clearly. Write your justification in sentences as to why you will be using the formulas in each


Math 164- Signature Assignment Instructions: Show your steps clearly. Write your justification in sentences as to why you will be using the formulas in each step. You need to write at least one page. It is due May 8, 2023. Please submit your `signature assignment to blackboard so I will not loss it. 1. Dan Hook deposits $400 a month to a retirement account that has interest rate of 3.1%, compounded monthly. After making 60 deposits, Dan changes his job and stops making payments for 3 years. After 3 years, he starts making deposits again, but now he deposits $525 monthly. What will the total value of the retirement accounts be a. After Dan makes his $400 monthly deposit for five years? b. Eight years after his first deposit of $400? C. After Dan makes his $525 monthly deposits for 5 years
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