Question
Suppose you want to have $900,000 for retirement in 30 years. Your account earns 8% interest. a) How much would you need to deposit in
Suppose you want to have $900,000 for retirement in 30 years. Your account earns 8% interest.
a) How much would you need to deposit in the account each month? (please provide step-by-step solution or excel steps)
b) How much interest will you earn?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
