Assume that you contribute $150 per month to a retirement plan for 20 years. Then you can increase the contribution to $250 per month for another 20 years, and finally, $400 per month for the last 10 years. Given a 7 percent interest rate, what is the value of your retirement plan after the 50 years?

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A 1 Time Period 1 to 20 21 to 40 41 to 50 ~3 2 4 5 6 7 8 9 10 B Years 20 20 10 с Rate 7% 7% 7% D Monthly Contribution $150 $250 $400 FV of Annuity 1 = FV of Annuity 2 = FV of Annuity 3 =| Value of Retirement Asstets =