Question: Previous Problem Problem List Next Problem Eugene began to save for his retirement at age 34, and for 11 years he put $ 225 per

Previous Problem Problem List Next Problem Eugene began to save for

Previous Problem Problem List Next Problem Eugene began to save for his retirement at age 34, and for 11 years he put $ 225 per month into an ordinary annuity at an annual interest rate of 7% compounded monthly. After the 11 years, Eugene was unable to make the monthly contribution of $ 225, so he moved the money from the annuity into another account that earned 12% interest compounded monthly. He left the money in this account for 20 years until he was ready to retire. How much money did he have for retirement? Retirement amount =

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