Solve the problem.Consider a retirement savings account where the monthly contribution is $100 for the first 10 years, is increased to $250 for the next 15 years, and then is increased once again to $300 for the last 10 years. The APR is always 5.4% compounded monthly. What is the value of the account at the end of 35 years? Round your answer to the nearest cent.

A. $233,256.41
B. $230,037.95
C. $220,831.15
D. $223,825.32
E. $227,043.78


Answer: E

Mathematics

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B.
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