Mathematics, 26.03.2020 00:55 wweghorst8275
A newscaster earns $34,800 and wants to invest 10% of his/her monthly salary to save for retirement in 38 years. If he/she invests this money at 2% compounded monthly, how much money will he/she have at retirement?
a) How much will be saved each year?
b) What will be the monthly deposit?
c) What will be the amount in the account after 38 years?
Answers: 1
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A newscaster earns $34,800 and wants to invest 10% of his/her monthly salary to save for retirement...
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