Question:

Suppose you want to have $500,000 for retirement in 20

Last updated: 7/6/2022

Suppose you want to have $500,000 for retirement in 20

Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month? b) How much interest will you earn?