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Math

Advanced Math

will

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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Question

You would like to have $550,000 when you retire in 25 years how much did you invest each quarter if you can earn a rate of 2.4% compounded monthly

a) how much should you deposit each quarter?

b) how much total money will you put into the account?

c) how much total interest will you earn?

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