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External link to You would like to have $550,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 3.6% compounded quarterly? a) How much should you deposit each quarter? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $
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You would like to have $550,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 3.6% compounded quarterly? a) How much should you deposit each quarter? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $

You would like to have $550,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 3.6% compounded quarterly? a) How much should you deposit each quarter? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $

External link to Suppose you want to have $300,000 for retirement in 25 years. Your account earns 4% annual interest rate, with interest compounded monthly. a) How much would you need to deposit in the account each month? $ b) How much interest will you have earned when you retire?
Sciences

Suppose you want to have $300,000 for retirement in 25 years. Your account earns 4% annual interest rate, with interest compounded monthly. a) How much would you need to deposit in the account each month? $ b) How much interest will you have earned when you retire?

Suppose you want to have $300,000 for retirement in 25 years. Your account earns 4% annual interest rate, with interest compounded monthly. a) How much would you need to deposit in the account each month? $ b) How much interest will you have earned when you retire?

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