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38I. Question 38 (2.5 points) 1) Listen Exactly 24 years from today, Indira wants to have $1,000,000 in her retirement account. If Indira's retirement account
38I.
Question 38 (2.5 points) 1) Listen Exactly 24 years from today, Indira wants to have $1,000,000 in her retirement account. If Indira's retirement account pays interest of 15.2% 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 3 Step by Step Solution
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