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Donald Trumptobe predicts that in 100 years, he will have four generations of offspring (that is, children, grandchildren, great-grandchildren, and great-great-grandchildren). He estimates that each
Donald Trumptobe predicts that in 100 years, he will have four generations of offspring (that is, children, grandchildren, great-grandchildren, and great-great-grandchildren). He estimates that each person will have two children. How much will he have to have deposited so that each of his great-great-grandchildren would have $1,000,000 or more in 100 years if his money earns 8.5% compounded monthly? (Round your answer to the nearest cent.) $ or more
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