SOLUTION: How much would you need to deposit in an account each month in order to have $10,000 in the account in 8 years? Assume the account earns 4% interest.

Question 1148394: How much would you need to deposit in an account each month in order to have $10,000 in the account in 8 years? Assume the account earns 4% interest.
Answer by ikleyn(52872) (Show Source): You can put this solution on YOUR website!
.

As it worded, printed, posted and presented, the post is UNCOMPLETED.

To be completed, it should say that the account is compounded with the compound period of 1 month.

When you post the complete problem to the forum, I will be happy to show you how to solve it.

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