Mathematics, 05.05.2021 02:20 maru91
When he was 30, Kearney began investing $200 per month in various securities for his retirement savings. His investments averaged a 5.5%
annual rate of return until he retired at age 68. What was the value of Kearney's retirement savings when he retired? Assume monthly
compounding of interest. (2 points)
$182,722.38
$307,479.35
$351,115.71
$1,537.40
Answers: 2
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