jkunz2913 jkunz2913

16-03-2021
Mathematics

contestada

Suppose you have $500,000 for retirement in 20 years.Your account earns 6% interest. How much would you need to deposit in the account each month?

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isabdullah123107 isabdullah123107

16-03-2021

Answer:

30,000

Step-by-step explanation:

What I did was 6 divided by 100 and I got 0.06 times the the 500,000 and got 30,000 so your answer should be 30,000. Hope this helps and let me know if I'm wrong. have a great day!

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