D Question 16 Vincent Furnier wants to save for retirement. Presently, he has nothing saved. He believes he can initially contribute $300 per month to a retirement plan for 20 years. Then he believes he will be able to increase the contribution to $500 per month for another 15 years. Given a 6.0 percent APR interest rate, what is the value of Vincent's retirement plan after the 35 years? O None of these are correct. O $2,029,204 O $485,577 O $456,495 3.03 pts O $1,979,246

Question 16 3.03 pts Vincent Furnier wants to save for retirement. Presently, he has nothing saved. He believes he can initially contribute $300 per month to a retirement plan for 20 years. Then he believes he will be able to increase the contribution to $500 per month for another 15 years. Given a 6.0 percent APR interest rate, what is the value of Vincent's retirement plan after the 35 years? None of these are correct. $2,029,204 $485,577 $456,495 $1,979,246