113k views
5 votes
You need to have $80,000 saved in 10 years. If your account earns 5% compounded monthly, how much would you need to deposit each month to reach your goal? Round answer to the nearest cent.

User ITayb
by
8.3k points

1 Answer

5 votes

To determine the compound interest on monthly:

User Arjun Kava
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories