You would like to have $950,000 when you retire in 40 years.

Last updated: 7/24/2022

You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 4.5% compounded quarterly? a) How much should you deposit each quarter? b) How much total money will you put into the account? c) How much total interest will you earn?