You plan to retire with $800,000 in 20 years.How much should you deposit each month into an

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You plan to retire with $800,000 in 20 years.How much should you depositeach monthinto an account that pays 9% annual rate compounded monthly? (Note: Compounding frequency is the same as the deposit frequency. Answers are rounded.)

A.$1,198

B.$1,709

C.$1,080

D.$1,124

E.$1,276

F.$2,056

Posted Date: Jun 25, 2024 07:05 PM

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You plan to retire with $800,000 in 20 years.How much should you deposit each month into an

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