Suppose you want to have $800,000 for retirement in 25 years. Your account earns 4% interest.

a) How much would you need to deposit in the account each month?

b) How much interest will you earn?

Question

03-12-2022
Mathematics

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Suppose you want to have $800,000 for retirement in 25 years. Your account earns 4% interest.

a) How much would you need to deposit in the account each month?

b) How much interest will you earn?

Sagot :

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