cclout03 cclout03

02-11-2022
Mathematics

Answered

Finance Math homework
How much should you deposit at the end of each month into an investment account that pays 7% compounded monthly to have $4 million when you retire in 42 years? How much of the $4 million
comes from interest?
In order to have $4 million in 42 years, you should deposit $ each month.
(Round up to the nearest dollar.)

Answer :

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