Suppose you want to have $400,000 for retirement in 35 years. Your account earns 7% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month? S b) How much interest will you earn? Submit Question

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**Future Retirement Savings Calculation**

Suppose you want to have $400,000 for retirement in 35 years. Your account earns 7% interest. Round your answers to the nearest cent.

a) How much would you need to deposit in the account each month?

[Text Box for Entry: $______]

b) How much interest will you earn?

[Text Box for Entry: $______]

[Submit Question Button]
Transcribed Image Text:**Future Retirement Savings Calculation** Suppose you want to have $400,000 for retirement in 35 years. Your account earns 7% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month? [Text Box for Entry: $______] b) How much interest will you earn? [Text Box for Entry: $______] [Submit Question Button]
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