Problem 9. Eugene began to save for his retirement at age 31, and for 12 years he put $ 450 per month into an ordinary annuity at an annual interest rate of 5% compounded monthly. After the 12 years, Eugene was unable to make the monthly contribution of $ 450, so he moved the money from the annuity into another account that earned 4% interest compounded monthly. He left the money in this account for 22 years until he was ready to retire. How much money did he have for retirement? Retirement amount = preview answers Jump to Page: [ 1 ][ 2 ][ 3 ][ 4 ][ 5][6][7][8][9][ 10 ][ 11 ][ 12 ] Jump to Problem: [9]