5. Suppose you want to have $900,000 forretirement in 30 years. Your account earns 8% interest. a) How much would you need to depositin the account each month b) How much interest will you earn?
5. Suppose you want to have $900,000 forretirement in 30 years. Your account earns 8% interest. a) How much would you need to depositin the account each month b) How much interest will you earn?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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5. Suppose you want to have $900,000 forretirement in 30 years. Your account earns 8% interest.
a) How much would you needto deposit in the account each month
b) How much interest will you earn?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76aac7c3-f52a-4b05-89df-660c7bd813fc%2F78d96fd5-ad5d-423d-a707-1c01f11d11ea%2Fc4xmgvb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PROJECT 8 QR Spring 2020 Finances - Word
A jrush416
erences
Mailings
Review
View
Help
Tell me what you want to do
A
Aa -
三 T
AaBbCcDc AaBbCcDc AaBbC AAB6CCE
TNormal
T No Spac. Heading 1
Heading 2
Paragraph
Styles
5. Suppose you want to have $900,000 forretirement in 30 years. Your account earns 8% interest.
a) How much would you needto deposit in the account each month
b) How much interest will you earn?
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