How much should you deposit at the end of each month into an investment account that pays 8.5% compounded monthly to have $1 million when you retire in 35 years. B) How much of that $1 million comes from interest. C) If you anticipate living for 20 years on your retirement savings, how much will you be able to withdraw each month if the account continues to pay 8.5% compounded monthly. I asked this question before with different numbers im not sure why you can't answer this one.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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A) How much should you deposit at the end of each month into an investment account that pays 8.5% compounded monthly to have $1 million when you retire in 35 years.

B) How much of that $1 million comes from interest.

C) If you anticipate living for 20 years on your retirement savings, how much will you be able to withdraw each month if the account continues to pay 8.5% compounded monthly.

I asked this question before with different numbers im not sure why you can't answer this one.

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