Garry wants to have $750,000 in 30 years. How much does he have to invest per month in an annuity with an annual interest rate of 2.4%? Round to the nearest dollar.

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asked Oct 25, 2021 226k views

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Garry wants to have $750,000 in 30 years. How much does he have to invest per month in an annuity with an annual interest rate of 2.4%? Round to the nearest dollar.

Mathematics
middle-school

Franzi asked

by Franzi

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I think the answer is Garry has to invest 2,035 dollars a month for 30 years to reach his goal of 750,000 dollars

Tasnim answered Oct 28, 2021

by Tasnim

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