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Find the Final Amount (Rounded to the Nearest Dollar) in This

Question 108

Multiple Choice

Find the final amount (rounded to the nearest dollar) in this retirement account, in which the rate of return on the account and the regular contribution change over time.
- $700\$ 700 per month invested at 6%6 \% , compounded monthly, for 25 years; then $3000\$ 3000 per month invested at 7%7 \% , compounded monthly, for 25 years.


A) About $6,523,436\$ 6,523,436
B) About $5,325,581\$ 5,325,581
C) About $2,915,311\$ 2,915,311
D) About $5,207,591\$ 5,207,591

Correct Answer:

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