Question 1193937: Annuities
3) Accumulating Aaron, who is 20 years old, wants to be a millionaire by the time they are
50. How much would they have to deposit per month into an account that pays 6%
annual interest to achieve their goal of having $1,000,000 in the bank at the end of 30
years?
Answer by ikleyn(52794)   (Show Source):
You can put this solution on YOUR website! .
Annuities
3) Accumulating Aaron, who is 20 years old, wants to be a millionaire by the time they are
50. How much would they have to deposit per month into an account that pays 6%
annual interest to achieve their goal of having $1,000,000 in the bank at the end of 30
years?
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The post / (the problem) is FATALLY INCOMPLETE.
To be complete and correct, it must say what the compounding period is.
Do you generate/create/compose Math problems on your own ? Without knowing the subject ?
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