Question

For 20 years I invest $100 a month into an account that pays 4.5% compounded monthly. At the end of this time I close out the account and invest the closing balance for the next 25 years in an account paying 5.5% compounded continuously. What is the accumulated amount in the account at the end of the 45 year period? Round your answer off to the nearest penny.

Answer 1

?????????

Answer 2

That's what im saying.. haha

Answer 3

bump

Answer 4

i could figure this out...... lol the effort required though

Answer 5

@miketheman213 - I beg of you.. I have been at this question for hoursss...