Question: Problem 5 - 1 3 Future Value of Multiple Annuities ( LG 5 - 2 ) Assume that you contribute $ 2 9 0 per

Problem 5-13 Future Value of Multiple Annuities (LG5-2)
Assume that you contribute $290 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $580 per month for another 30 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years?
Note: Do not round intermediate calculations and round your final answer to 2 decimal places.
Answer is complete but not entirely correct.
\table[[Future value of multiple annuities,$3,907,249,94]]
 Problem 5-13 Future Value of Multiple Annuities (LG5-2) Assume that you

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