document.write( "Question 1204379: Francine currently has $75,000 in her 401k account at work, and plans to contribute $6,000 each year for the next 15 years. How much will she have in the account in 15 years, if the account averages a 7% annual return?\r
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Algebra.Com's Answer #840582 by ikleyn(52908) $\"\"$ $\"About$

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Francine currently has $75,000 in her 401k account at work, and plans to contribute $6,000 each year
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document.write( "One part grows as one-time deposited account with $75,000 starting principal\r\n" );
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document.write( "     =  =  = $206,927.37  (rounded to the closest cent).\r\n" );
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document.write( "Another part grows as the ordinary annuity with $6,000 deposited at the end of each year\r\n" );
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document.write( "     =  = $150,774.13  (rounded).\r\n" );
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document.write( "In 15 years, the total future value of the two accounts is  \r\n" );
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document.write( "    A =  +  = $206,927.37 + $150,774.13 = $357,701.50.    ANSWER\r\n" );
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