Math  /  Algebra

QuestionFind the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $228\$ 228 per month invested at 6%6 \%, compounded monthly, for 7 years; then $577\$ 577 per month invested at 7%7 \%, compounded monthly, for 7 years.
What is the amount in the account after 14 years? \$ (Do not round until the final answer. Then round to the nearest dollar as needed.)

Studdy Solution
The final amount in the account after 14 years is approximately $101115\$101115.

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