You want to have 120 000 in an account after 40 years for

Last updated: 12/8/2023

You want to have 120 000 in an account after 40 years for your retirement Your investment counselor suggests that you make regular monthly deposits into an annuity that pays 4 25 interest compounded monthly Find the amount that must be deposited monthly rounded to the nearest cent Periodic Deposit P 1 40 95 2 68 39 3 288 90 4 171 nxt 4 95 34