Question
Suppose you determine that you will need $2 million dollars in a retirement account in order to retire comfortably in 45 years. How much
Suppose you determine that you will need $2 million dollars in a retirement account in order to retire comfortably in 45 years. How much should you deposit monthly in an account that pays 7% compounded monthly in order to achieve this goal? Round your answer to 2 decimal places.
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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