Mathematics, 15.04.2021 18:00 smariedegray
Tyler wants to have $250,000 in his retirement account by the time he retires in 30 years. The interest rate is 5%. Use the annuity formula to calculate the amount Tyler needs to deposit on a monthly basis in order to reach his goal. When solving, round numbers to the nearest hundred-thousandth. Round your final answer to the nearest cent.
$565.18
$1,666.67
$300.16
$250.50
Answers: 3
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Tyler wants to have $250,000 in his retirement account by the time he retires in 30 years. The inter...
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