Future value of multiple annuities

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Reference no: EM131010980

Future Value of Multiple Annuities Assume that you contribute $110 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $210 per month for another 20 years. Given a 6.5 percent interest rate, what is the value of your retirement plan after 40 years?

$125,476

$124,800

$300,240

$251,198

Reference no: EM131010980

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