Suppose you want to have $400,000 for retirement in 35 years. Your account earns 7% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month? S b) How much interest will you earn? Submit Question

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 14PTTS
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Suppose you want to have $400,000 for retirement in 35 years. Your account earns 7% interest. Round your
answers to the nearest cent.
a) How much would you need to deposit in the account each month?
b) How much interest will you earn?
Submit Question
4
Transcribed Image Text:Suppose you want to have $400,000 for retirement in 35 years. Your account earns 7% interest. Round your answers to the nearest cent. a) How much would you need to deposit in the account each month? b) How much interest will you earn? Submit Question 4
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