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Suppose you want to have $300,000 for retirement in 25 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? LA $ b) How much interest will you earn? tA $ Question Help: Video Message instructor Submit Question esc 2 1 F1 F2 2 80 F3 F4 F5 어요 SA <6 olo 5 % # 3 $ 4 Q W E R T F6

Suppose you want to have $300,000 for retirement in 25 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? LA $ b) How much interest will you earn? tA $ Question Help: Video Message instructor Submit Question esc 2 1 F1 F2 2 80 F3 F4 F5 어요 SA <6 olo 5 % # 3 $ 4 Q W E R T F6

Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.6: Percents Problems
Problem 9ST
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Suppose you want to have $300,000 for retirement in 25 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? LA $ b) How much interest will you earn? tA $ Question Help: Video Message instructor Submit Question esc 2 1 F1 F2 2 80 F3 F4 F5 어요 SA <6 olo 5 % # 3 $ 4 Q W E R T F6
Transcribed Image Text:Suppose you want to have $300,000 for retirement in 25 years. Your account earns 8% interest. a) How much would you need to deposit in the account each month? LA $ b) How much interest will you earn? tA $ Question Help: Video Message instructor Submit Question esc 2 1 F1 F2 2 80 F3 F4 F5 어요 SA <6 olo 5 % # 3 $ 4 Q W E R T F6
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