kaylatate03
contestada

Suppose you want to have $500,000 for retirement in 35 years. Your account earns 8% interest. How much would you need to deposit in the account each month?​

Respuesta :

rlafay5246

Answer:

About $1190.48

Step-by-step explanation:

35 years = 420 months

500,000

I did 8% of every number starting at 5,000 then multiplied it by 420 ( each month ) to see if it gets to 500,000. $1190.49 got $500,001.6

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