Solve the problem.Consider a retirement savings account where the monthly contribution is $150 for the first 15 years, is increased to $200 for the next 20 years, and then is increased once again to $250 for the last 10 years. The APR is always 5.1% compounded monthly. What is the value of the account at the end of 45 years? Round your answer to the nearest cent.
A. $364,381.55
B. $367,654.61
C. $368,558.63
D. $359,300.45
E. $363,477.53
Answer: E
Mathematics
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