Suppose you want to have $800,000 for retirement in 20 years. Your account earns 10% interest. a) How much would you need to

Question

Suppose you want to have $800,000 for retirement in 20 years. Your account earns 10% interest.
a) How much would you need to deposit in the account each month?
b) How much interest will you earn?

Kunduz · Accepted Answer

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