How much should you invest each month in order to have $800,000 if your rate of return is 4.4% compounded monthly and you want to achieve your goal in 40 years? $ How much interest will you earn? $ How much should you invest each month in order to have $800,000 if you want to achieve your goal in 20 years? $ If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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How much should you invest each month in order to have $800,000 if your rate of return is 4.4% compounded monthly and you want to achieve your goal in 40 years?

$

How much interest will you earn?

$

How much should you invest each month in order to have $800,000 if you want to achieve your goal in 20 years?

$

If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?

$

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