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Find the final amount in the following retirementaccount, in which the rate of return on the account and the regular contribution change over time. $430
Find the final amount in the following retirementaccount, in which the rate of return on the account and the regular contribution change over time.
$430
430 per month invested at 6
6%, compoundedmonthly, for 3
3 years; then $549
549 per month invested at 7
7%, compoundedmonthly, for 3
3 years.
What is the amount in the account after 6
6 years?
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