Suppose you want to have $400,000 for retirement in 30 years. Your account earns 8% interest.a) How much would you need to deposit in the account each month?$b) How much interest will you earn?$
Suppose you want to have $400,000 for retirement in 30 years. Your account earns 8% interest.a) How much would you need to deposit in the account each month?$b) How much interest will you earn?$
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 14PTTS
Related questions
Question
Suppose you want to have $400,000 for retirement in 30 years. Your account earns 8% interest.
a) How much would you need to deposit in the account each month?
$
b) How much interest will you earn?
$
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