When you graduate college at the age of 20, you want to start saving up for retirement. If your investment pays a fixed APR of 9% and you want to have $2.5 million when you retire in 45 years, how much would you need to deposit, on a monthly basis, to reach this goal? Assume an ordinary annuity.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When you graduate college at the age of 20, you want to start saving up for retirement. If your investment pays a fixed APR of 9% and you ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The dot product of u with itself is 24. what is the magnitude of u? 2sqrt 3 2sqrt 6 12 24
Answers (1)
Solve for x. 5 x (-2) = - 8
Answers (1)
0.5% of what number is 12?
Answers (1)
If 8 pounds of grass seed are divided equally into five piles, what is the weight of one of these piles? A) 5/8 pound B) 8/5 pounds C) 5 1/8 pounds D) 8 1/5 pounds
Answers (2)
Evaluate 1/2a^-4b^2 for a=-2 and b=4 A) 2 B) 1/2 C) 3 D) 4
Answers (1)
New Questions in Mathematics
What would $25 deposited 56 yrs ago be worth today?
Answers (1)
What is the value of x in the equation 3x - 1/9y = 18, when y = 27?1
Answers (1)
What are the possible values of x if (4c-5) ^2 = 49?
Answers (1)
Mario's company makes unusually shaped imitation gemstones. One gemstone has 12 faces and 11 vertices. How many edges does the gemstone have?
Answers (1)
The smaller of two consecutive numbers is x + 3. Find the sum of the two numbers.
Answers (2)