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? \$

# 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?

# 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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