SOLUTION: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 6% annual interest compounded monthly. a) How much would you need to deposit in the account at

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Question 1148893: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 6% annual interest compounded monthly.
a) How much would you need to deposit in the account at the end of each month?
Answer by ikleyn(52769) About Me  (Show Source):
You can put this solution on YOUR website!
.

10 minutes ago I solved for you a TWIN problem under this link

https://www.algebra.com/algebra/homework/equations/Equations.faq.question.1148888.html

https://www.algebra.com/algebra/homework/equations/Equations.faq.question.1148888.html


Consider it as your TEMPLATE.

Having this template before your eyes, solve the given problem on your own. 


    Hey, did you come here to the forum to learn something ?

    Or you expect that I will do your work instead of you ?