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 $70. Round your answer to the nearest cent.
A. $153,058.18
B. $151,340.60
C. $164,337.15
D. $168,962.63
E. $176,383.48
Answer: C
Mathematics
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