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

Question

enyata [817]

3 years ago

14

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

ccount each month?

Mathematics

1 answer:

laiz [17] · Answer 1 · 2022-03-15T17:09:44+03:00

laiz [17]3 years ago

6 0

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!