Suppose you want to have $1,500,000 in 40 years. Calculate how much you need to deposit per month in an account that pays 9.3% per month, compounded monthly. Then, complete the SAVINGS SCHEDULE below. Please watch my video example on how to complete this assignment. DEPOSIT # DEPOSIT AMOUNT INTEREST CURRENT BALANCE 1 2 3 4 and so on

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Please answer all parts of this question and
show your work on how you got the answers
in excel. Thank you!
Suppose you want to have $1,500,000 in 40 years. Calculate how much you need to deposit per
month in an account that pays 9.3% per month, compounded monthly. Then, complete the SAVINGS
SCHEDULE below. Please watch my video example on how to complete this assignment.
DEPOSIT #
DEPOSIT AMOUNT
INTEREST
CURRENT BALANCE
1
2
3
4
and so on
Transcribed Image Text:Please answer all parts of this question and show your work on how you got the answers in excel. Thank you! Suppose you want to have $1,500,000 in 40 years. Calculate how much you need to deposit per month in an account that pays 9.3% per month, compounded monthly. Then, complete the SAVINGS SCHEDULE below. Please watch my video example on how to complete this assignment. DEPOSIT # DEPOSIT AMOUNT INTEREST CURRENT BALANCE 1 2 3 4 and so on
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