16) Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions made at the end of each year, including the last year) when the annual contribution is $840. Round your answer to the nearest cent. A) $158,587.63 B) $168,624.83 C) $149,099.04 D) $150,293.50 E) $179,245.06

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A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

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