How to solve

Question $3$

$6$ pts

$1$

Details

How much should you invest each month in order to have $$800,000$ if your rate of return is $4\mathrm{.}7\%$ compounded monthly and you want to achieve your goal in $40$ years?

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How much interest will you earn?

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How much should you invest each month in order to have $$800,000$ if you want to achieve your goal in $20$ years?

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If you deposit the amount you need to achieve your goal in $20$ years, how much will your savings be worth after $10$ years?

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Question $3$

$6$ pts

$1$

Details

How much should you invest each month in order to have $$800,000$ if your rate of return is $4\mathrm{.}7\%$ compounded monthly and you want to achieve your goal in $40$ years?

$

How much interest will you earn?

$

How much should you invest each month in order to have $$800,000$ if you want to achieve your goal in $20$ years?

$

If you deposit the amount you need to achieve your goal in $20$ years, how much will your savings be worth after $10$ years?

$