Future Value of Multiple Annuities Assume That You Contribute $100

Multiple Choice

Future Value of Multiple Annuities Assume that you contribute $100 per month to a retirement plan for 20 years.Then you are able to increase the contribution to $200 per month for another 20 years.Given a 6 percent interest rate,what is the value of your retirement plan after 40 years?

A) $225,353
B) $19,155
C) $245,353
D) $199,359