Question: Please help with this problem. I have tried it several time and I have gotten confused and lost Find the final amount in the following
Please help with this problem. I have tried it several time and I have gotten confused and lost
Find the final amount in the following retirementaccount, in which the rate of return on the account and the regular contribution change over time.
$637 per month invested at 5%, compoundedmonthly, for 6 years; then $762 per month invested at 7%, compoundedmonthly, for 6 years.
What is the amount in the account after 12 years?
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