Solve the problem.Consider a retirement savings account where the monthly contribution is $125 for the first 10 years, is increased to $225 for the next 25 years, and then is increased once again to $400 for the last 5 years. The APR is always 6.6% compounded monthly. What is the value of the account at the end of 40 years? Round your answer to the nearest cent.
A. $418,651.04
B. $409,863.08
C. $406,912.67
D. $359,959.20
E. $421,601.45
Answer: A
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A.
B.
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