Register
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?​
204k views
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
4.1k 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
by
3.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.3m questions

4.2m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
WHAT IS 33 TIMES 5 TELL ME THE ANWER
Link Copied!