SOLUTION: Andrea, a self-employed individual, wishes to accumulate a retirement fund of $200,000. How much should she deposit each month into her retirement account, which pays interest at a

Question 1204180: Andrea, a self-employed individual, wishes to accumulate a retirement fund of $200,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 5.5%/year compounded monthly, to reach her goal upon retirement 45 years from now? (Round your answer to the nearest cent.)
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!

For this problem,

we have to solve for

=>she deposit each month into her retirement account

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