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BE SURE TO SAVE YOUR ANSWERS FREQUENTLY. Mr. Lockport hopes to retire in 47 years His plan is to deposit 55.000 into a swings account

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BE SURE TO SAVE YOUR ANSWERS FREQUENTLY. Mr. Lockport hopes to retire in 47 years His plan is to deposit 55.000 into a swings account at Homer Glen Community Bank at the beginning of each of years 1 -24, and then 57,000 at the beginning of each of years 25 through 47. he can earn a 4,5% average annual rate of return on the growing balance, how much money should he have by the time he retires at the end of yeae 472 A. $846,237.23 B. $839,237 23 C. 5502,650.42 D. 5884 317.90 E $803,097 82

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