Solve the problem.What monthly contribution should you make if your goal is to have $600,000 in your retirement savings account after 45 years? Assume the APR is 6.6% compounded monthly and that contributions are made at the end of each month, including the last month. Round your answer to the nearest cent.

A. $167.94
B. $192.96
C. $185.84
D. $170.68
E. $179.99


Answer: E

Mathematics

You might also like to view...

Determine if the piecewise defined function is differentiable at the origin.f(x) = 

A. Not differentiable B. Differentiable

Mathematics

Sketch the graph of the function and find the domain and range.f(x) = 2(x + 1)2 - 3

A. domain: all real numbers
range: y ? -3

B. domain: all real numbers
range: y ? -3

C. domain: all real numbers
range: y ? -3

D. domain: all real numbers
range: y ? 1
 

Mathematics

Use the rules for exponents to rewrite the expression and then evaluate the new expression. 

A. 0 B. -12 C. 1 D. -4

Mathematics

Provide an appropriate response.If f(x) = 2x + 3 and g(x) = x2 - 4x - 2, find:(a)(f + g)(x)(b)(f - g)(x)(c)(fg)(x)(d)(x)(e)f(g(x))(f)g(f(x))(g)f(g(1))(h)g(f(1))

What will be an ideal response?

Mathematics