Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

You want to have $150,000 in your retirement account when you retire in 30 years. Your retirement account earns 7%
interest. How much do you need to deposit each month to meet your retirement goal?
Round your answer to the nearest cent.
Do NOT include the dollar sign.

Sagot :

Answer: 123.05

Use annuity formula

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.