document.write( "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.) \n" ); document.write( "
Algebra.Com's Answer #840268 by MathLover1(20850)\"\" \"About 
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\n" ); document.write( "\n" ); document.write( "\"A+=+R%2A%28+%28+%281%2Br%2Fn%29%5E%28nt%29-1%29%2F%28r%2Fn%29%29\"\r
\n" ); document.write( "\n" ); document.write( "For this problem,\r
\n" ); document.write( "\n" ); document.write( "\"A+=+200000\"
\n" ); document.write( "\"r+=+0.055\"
\n" ); document.write( "\"n+=+12\"
\n" ); document.write( "\"t+=+45\"\r
\n" ); document.write( "\n" ); document.write( "\"200000+=+R%2A%28+%28+%281%2B0.055%2F12%29%5E%2812%2A45%29-1%29%2F%280.055%2F12%29%29\"\r
\n" ); document.write( "\n" ); document.write( " we have to solve for \"R\"\r
\n" ); document.write( "\n" ); document.write( "\"200000+=+R%2A%28+10.814710%2F0.004583333333333333%29\"\r
\n" ); document.write( "\n" ); document.write( "\"200000+=+R%2A%282359.5730909090908%29\"\r
\n" ); document.write( "\n" ); document.write( "\"R=200000%2F2359.5730909090908\"\r
\n" ); document.write( "\n" ); document.write( "\"R=84.76\" =>she deposit each month into her retirement account\r
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