When you graduate college at the age of 20, you want to start saving up for retirement. If your investment pays a fixed APR of 8

Question

3 years ago

13

When you graduate college at the age of 20, you want to start saving up for retirement. If your investment pays a fixed APR of 8

.5% and you want to have $500,000 when you retire in 45 years, how much would you need to deposit, at the beginning of each month, to reach this goal?

Mathematics

2 answers:

11Alexandr11 [23.1K] · Answer 1 · 2022-11-02T02:12:32+03:00

11Alexandr11 [23.1K]3 years ago

4 0

Answer:

A). $79.53

Step-by-step explanation:

GREYUIT [131] · Answer 2 · 2022-11-01T23:55:52+03:00

GREYUIT [131]3 years ago

3 0

Answer: The answer is A