Solve the problem.Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, is increased to $250 for the next 15 years, and then is increased once again to $350 for the last 15 years. The APR is always 6.0% compounded monthly. What is the value of the account at the end of 45 years? Round your answer to the nearest cent.
A. $545,144.24
B. $550,656.23
C. $542,932.26
D. $529,152.30
E. $548,444.50
Answer: C
Mathematics
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