Solve the problem.Find the value of a retirement savings account paying an APR of 6.6% (compounded monthly) after 40 years of monthly contributions (contributions made at the end of each month, including the last month) when the monthly contribution is $100. Round your answer to the nearest cent.

A. $251,976.40
B. $234,767.36
C. $218,654.54
D. $216,200.85
E. $241,375.18


Answer: B

Mathematics

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