Question: PLEASE ANSWER BOTH PROBLEMS -- IF FAIL TO DO SO I WILL REPORT TO CHEGG. 18. As a fringe benefit for the past 12 years,

PLEASE ANSWER BOTH PROBLEMS -- IF FAIL TO DO SO I WILL REPORT TO CHEGG. 18. As a fringe benefit for the past

PLEASE ANSWER BOTH PROBLEMS -- IF FAIL TO DO SO I WILL REPORT TO CHEGG.

18. As a fringe benefit for the past 12 years, Colin's employer has contributed $150 at the end of each month into an employee retirement account for Colin that pays interest at the rate of 806/year compounded monthly. Colin has also contributed $1,000 at the end of each of the last 6 years into an IRA that pays interest at the rate of year compounded yearly. How much does Colin have in his retirement fund at this time? a. $7,912.86 b. $10,759.43 c. $43,989.12 d. $36,076.26

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