Max is trying to save for retirement. He is going to deposit the same amount each month for 20 years into an account that pays 4.2% compounded interest. At the end of 20 years he would like to have at least $200,000, how much does he need to deposit each month (round to the nearest dollar) ?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Max is trying to save for retirement. He is going to deposit the same amount each month for 20 years into an account that pays 4.2% ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Footrace takes place among 4 runners, how many ways to finish the race
Answers (1)
a rectangular swimming pool has a with of 25feet and an area of 1225 squares feet, what is the pools length
Answers (2)
Which set is a subset of set P?
Answers (1)
molly runs 1/3 of a mile in 4 minutes if molly continues at the same speed, how long will it take her to run one mile
Answers (1)
Some IQ tests are standardized based on the assumption that the population mean is 100 and the standard deviation is 15. Test graders decide to reject this hypothesis if a random sample of 25 people has a mean IQ greater than 110.
Answers (1)
New Questions in Mathematics
You borrow $2250 at 4.8% compounded weekly for tuition. While you do not have to make payments for the 5 years that you are in school, the interest is compounding.
Answers (1)
Find the lateral surface area of the rectangular prism in centimeters. length 8, width 6, height 3 A) 64 cm2 B) 72cm2 C) 84cm2 D) 96 cm2
Answers (1)
A package of soup cost $14. an individual cost $2. you will need at least 25 cans.
Answers (1)
The solutions of a quadratic equation are 5 and - 1. What is the factored form of a related quadratic function?
Answers (1)
A varies directly as b. If A = 3 when b = 24, find b when A = 10
Answers (1)