February 25, 2017

Homework Help: algebra

Posted by beech on Tuesday, October 11, 2011 at 9:58am.

3. Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how much must she deposit each month in order to achieve her goal of having $1,000,000? What is the present value of this annuity?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions