document.write( "Question 1174013: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 7% interest.\r
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document.write( "a) How much would you need to deposit in the account each month?\r
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document.write( "b) How much interest will you earn? \n" );
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Algebra.Com's Answer #799373 by ikleyn(52803)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To learn the subject, see the lessons\r \n" ); document.write( "\n" ); document.write( " - Ordinary Annuity saving plans and geometric progressions\r \n" ); document.write( "\n" ); document.write( " - Annuity Due saving plans and geometric progressions\r \n" ); document.write( "\n" ); document.write( " - Solved problems on Ordinary Annuity saving plans \r \n" ); document.write( "\n" ); document.write( " - Withdrawing a certain amount of money periodically from a compounded saving account (*)\r \n" ); document.write( "\n" ); document.write( " - Miscellaneous problems on retirement plans (*)\r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "You will find there very detailed treatment of all relevant problems in their logical development\r \n" ); document.write( "\n" ); document.write( "from simple to more complicated.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The closest to your problem are the lessons marked (*) in the list.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "After reading these lessons, you will learn the entire subject from \"a\" to \"Z\".\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The material in lessons is given in clear and compact form.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I solved and presented such problems many times at this forum, and my lessons are quintessence of these solutions/presentations.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |