#7

it's time to kick back!!! 6. Congratulations! You prepared for your retirement. You deposit $300 every month for 40 years into a retirement annuity that pays 4.7% interest compounded monthly. How much money will be in the account when you retire? $423,534.94 7. The money saved from the above problem is transferred into an account that pays 2% interest compounded monthly. How much money can you receive monthly for 26 years? ou lived a good and financially responsible life! Well done