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37 Exactly 31 years from today, Indira wants to have $1,000,000 in her retirement account. If Indira's retirement account pays interest of 9.5% per year,
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Exactly 31 years from today, Indira wants to have $1,000,000 in her retirement account. If Indira's retirement account pays interest of 9.5% per year, but with monthly compounding, how much must Indira deposit today to achieve her goal? Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13.294.287342 as 13294.29. Your Answer: Answer Page 37 of Step by Step Solution
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