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Answer Questions 2 & 3 (2) You currently have $1,896 in a retirement savings account that earns an annual return of 12.00%. You want to
Answer Questions 2 & 3
(2) You currently have $1,896 in a retirement savings account that earns an annual return of 12.00%. You want to retire in 44 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal? Q3) You currently owe $2,647 to your credit card that charges an annual interest rate of 20.00%. You make $192 of new charges every month and make a payment of $290 every month. What will your credit card balance be in three months? When inputting an answer, round your answer to the nearest 2 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal placesStep by Step Solution
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