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Suppose you want to have $700,000 for retirement in 35 years. Your account earns 6% annual interest, compounded monthly. (Enter your answer to 2 decimal
Suppose you want to have $700,000 for retirement in 35 years. Your account earns 6% 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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The Handbook Of News Analytics In Finance
Authors: Gautam Mitra, Leela Mitra
1st Edition
047066679X, 978-0470666791
