Question
Amelia wishes to retire at age 6767 with $1,600,000$1,600,000 in her retirement account. When she turns 2525, she decides to begin depositing money into an
Amelia wishes to retire at age 6767 with $1,600,000$1,600,000 in her retirement account. When she turns 2525, she decides to begin depositing money into an account with an APR of 8%8% compounded monthly. What is the monthly deposit that Amelia must make in order to reach her goal? Round your answer to the nearest cent, if necessary.
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Accounting The Basis For Business Decisions
Authors: Robert F. Meigs, Walter B Meigs
5th Edition
007041551X, 9780070415515
