Posted by **worried** on Saturday, April 30, 2011 at 7:34pm.

A young executive deposits $400 at the end of each month for 7 years and then increases the deposits. If the account earns 7.2%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25 years

## Answer This Question

## Related Questions

- Financial Math - A young executive deposits $400 at the end of each month for 9...
- finite math - A young executive deposits $400 at the end of each month for 7 ...
- algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...
- Math - Jimmy opens a savings account with a $200 deposit at the beginning of the...
- math - Rochelle deposits $350 in an account that earns 6% annual interest, ...
- Math - The winner of a popular lottery is offered one of two options: i) a lump ...
- Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...
- math - Alex deposits $250 at the end of each month into an account that earns 4...
- Finite Math - Malika Agwani starts her career at the age of 25 and makes equal ...
- finite math - in order to accumulate enough money for a down payment, a couple ...

More Related Questions