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Cara wants to have $1,500,000 when she retires in 25 years. If she can invest her money and earn an annual rate of 7.2% compounded
Cara wants to have $1,500,000 when she retires in 25 years. If she can invest her money and earn an annual rate of 7.2% compounded monthly, how much should she investeach monthin order to achieve her goal?
| $1793.83 |
| $5000.00 |
| $9532.77 |
| $55,791.90 |
| $10,793.80 |
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