Question
Suppose you want to have $700,000 for retirement in 25 years. Your account earns 8% annual interest, compounded monthly. (Enter your answer to 2 decimal
Suppose you want to have $700,000 for retirement in 25 years. Your account earns 8% annual interest, compounded monthly. (Enter your answer to 2 decimal places.) a) How much would you need to deposit in the account each month? $ b) How much interest will you earn?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
