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

Question 110

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.
- $1500\$ 1500 per quarter invested at 7.9%7.9 \% , compounded quarterly, for 20 years; then $1000\$ 1000 per quarter invested at 6.8%6.8 \% , compounded quarterly, for 10 years.


A) About $828,071\$ 828,071
B) About $343,772\$ 343,772
C) About $460,646\$ 460,646
D) About $620,187\$ 620,187

Correct Answer:

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