tinakuhn82 tinakuhn82
  • 19-06-2020
  • Mathematics
contestada

Suppose you want to have $400,000 for retirement in 30 years. Your account earns 4% interest.

a) How much would you need to deposit in the account each month?

Respuesta :

karan5054
karan5054 karan5054
  • 29-06-2020

Answer:

if he wants to have $400000 on gis bank in 30 years at 4 %rate then he needs to deposit $15151.5 per month

Answer Link

Otras preguntas

When $n$ is divided by 10, the remainder is $a$. when $n$ is divided by 13, the remainder is $b$. what is $n$ modulo 130, in terms of $a$ and $b$?
Sin theta = -5/13 and cos theta = -12/13 use ratio identity to find cot theta
Simple interest: I= PRT solve for r
why is good for medical assistant to be knowledgeable about patients with Parkinson's disease
why did colonists resent new taxes imposed by the english, such as the stamp act and tea act?
15) Which of the these is a balanced chemical equation? A) CO(g) + O2(g) → CO2(g) B) CO(g) + 2O2(g) → 2CO2(g) C) 2CO(g) + O2(g) → 2CO2(g) D) 2CO(g)
How to simplify radical expressions
Willing to take turns is one way we can express our attitudes through?
where is the hottest part of a Bunsen burner flame
A waste collection tank can hold 18754 kg of methanol, which has a density of 0.788 g/cm3.