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12 January, 09:19

Suppose you want to have $400,000 for retirement in 30 years. Your account earns 4% interest.

a) How much would you need to deposit in the account each month?

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  1. 12 January, 11:55
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    if he wants to have $400000 on gis bank in 30 years at 4 %rate then he needs to deposit $15151.5 per month
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