Future Value of Multiple Annuities Assume That You Contribute $200

Multiple Choice

Future Value of Multiple Annuities Assume that you contribute $200 per month to a retirement plan for 15 years.Then you are able to increase the contribution to $400 per month for another 25 years.Given a 5 percent interest rate,what is the value of your retirement plan after 40 years?

A) $424,305.97
B) $24,159.95
C) $28,475.66
D) $72,479.86