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?
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<pre>
One part grows as one-time deposited account with $75,000 starting principal

    {{{A[1]}}} = {{{75000*(1+0.07)^15}}} = {{{75000*1.07^15}}} = $206,927.37  (rounded to the closest cent).


Another part grows as the ordinary annuity with $6,000 deposited at the end of each year

    {{{A[2]}}} = {{{6000*(((1+0.07)^15-1)/0.07)}}} = $150,774.13  (rounded).


In 15 years, the total future value of the two accounts is  

    A = {{{A[1]}}} + {{{A[2]}}} = $206,927.37 + $150,774.13 = $357,701.50.    <U>ANSWER</U>
</pre>

Solved.