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The formula S = A models the value of a retirement account, where A = the number of dollars added to the retirement account each year, r = the annual interest rate, and S = the value of the retirement account after t years. If the interest rate is 11%, how much will the account be worth after 15 years if $2200 is added each year? Round to the nearest whole number.

A. $86,218
B. $168,418
C. $11,675
D. $35,200

The formula S = A models the value of a retirement account, where A = the number of-example-1
User Niasia
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The answer is a. $86,218.
User Randomstatistic
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