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Suppose you want to have $800,000 for retirement in 20 years. Your account earns 8% interest. How much would you need to deposit in the account each month?​

Suppose you want to have $800,000 for retirement in 20 years. Your account earns 8% interest. How much would you need to deposit in the account each month?​
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2 votes
Suppose you want to have $800,000 for retirement in 20 years. Your account earns 8% interest. How much would you need to deposit in the account each month?​

User Ozil
by
8.7k points

1 Answer

1 vote

Answer:

$40,000

Explanation:

this the workings above

Suppose you want to have $800,000 for retirement in 20 years. Your account earns 8% interest-example-1
User Troy Harvey
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