Solve the problem.Samuel plans to save $200,000 in a college savings account over 15 years. The APR is 6.0% compounded monthly and contributions to the account are made at the end of each month, including the last month. What should Samuel's monthly contribution be? Round your answer to the nearest cent.

A. $407.48
B. $687.71
C. $622.88
D. $762.47
E. $693.59


Answer: B

Mathematics

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Solve the problem.Volatility refers to:

A. the amount of uncertainty or risk about changes in a security's value B. the likelihood that a security's value will only decrease in value C. a security's value as compared to an industry benchmark D. the likelihood that a security's value will only increase in value

Mathematics

Individuals and groups who have an interest in how a firm performs and can influence a firm's actions are known as

A. competitors B. cohorts C. stakeholders D. shareholders

Mathematics

A function f is depicted in the graph. Find any input values that produce the indicated output.f(x) = 3

A. x = 1 and x = 3 B. x = 7 and x = -3 C. x = 1 D. x = -1 and x = -3

Mathematics

Find the slope of the line that passes through the two given points.(2, 6) and (6, -8)

A. = 
B. = 
C. = - 
D. = - 

Mathematics