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Author Question: What monthly contribution should you make if your goal is to have $425,000 in your retirement ... (Read 26 times)

cnetterville

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What monthly contribution should you make if your goal is to have $425,000 in your retirement savings account after 25 years? Assume the APR is 5.4% compounded monthly and that contributions are made at the end of each month, including the last month. Round your answer to the nearest cent.
◦ $682.27
◦ $723.33
◦ $497.30
◦ $672.05
◦ $625.28


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Marked as best answer by cnetterville on May 5, 2020

Ashley I

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cnetterville

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Reply 2 on: May 5, 2020
Excellent


nanny

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Reply 3 on: Yesterday
Wow, this really help

 

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