This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What should your monthly contribution be if your goal is to have $400,000 in your retirement savings ... (Read 71 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: May 5, 2020
What should your monthly contribution be if your goal is to have $400,000 in your retirement savings account after 35 years? Assume the APR is 4.8% compounded monthly and that contributions are made at the end of each month, including the last month. Round your answer to the nearest cent.
◦ $368.02
◦ $390.48
◦ $299.20
◦ $376.21
◦ $347.07
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by scienceeasy on May 5, 2020

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


scienceeasy

  • Member
  • Posts: 565
Reply 2 on: May 5, 2020
Wow, this really help

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth
Six-Step Process for Goal-Oriented Planning Six-Step Process for Goal-Oriented Planning
Contribution of enthalpy and entropy to several favorable processes Contribution of enthalpy and entropy to several favorable processes
Mean Monthly Temperatures for Two Locations in Canada Mean Monthly Temperatures for Two Locations in Canada
What is the contribution of studying wing spot in the field? What is the contribution of studying wing spot in the field?
Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ... Calculate the accumulated value of monthly payments of $100.00 made at the end of each month ...
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library