Question

Jose has determined he needs to have $800,000 for retirement in 30 years. His account earns 6% interest.

a.How much would you need to deposit in the account each month?
b.How much total money will you put into the account?
c.How much total interest will you earn?

Answer 1

• 26,666.66~ just cash a year 2,222.166666 a month but if u want interest with u haveand u make up to 1.6k off of just ur interest but a year of just multiple of 1.6k every year ud only get 48k interest in 30 years that's from nothing to to get 800,000