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 ...
- 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 ...
- annuities..math - Anne Thorne deposits $100 at the end of each month into her ...
- algebra - Suppose Mary deposits $200 at the end of each month for 30 years into ...
- algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...
- Finite Math and Applied Calculus - Betty Sue sets up a retirement account. For ...
- finite math - in order to accumulate enough money for a down payment, a couple ...
- math - Suppose a young couple deposits $700 at the end of each quarter in an ...

More Related Questions