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How much would you need to deposit in an account each month in order to have $50,000 in the account in 8 years? Assume the account earns 3% interest.

How much would you need to deposit in an account each month in order to have $50,000 in the account in 8 years? Assume the account earns 3% interest.
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2 votes
How much would you need to deposit in an account each month in order to have $50,000 in the account in 8 years? Assume the account earns 3% interest.

User Hilarie
by
8.0k points

1 Answer

2 votes

Answer:

1341.53

Explanation:


User Vikramsjn
by
8.0k points
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