Friday
August 29, 2014

Homework Help: algebra

Posted by Blanca on Thursday, December 8, 2011 at 6:57pm.

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:
Answer:

Related Questions

Algebra - Suppose a student wants to be a millionaire in 40 years. If she has an...
algebra - 3. Suppose a student wants to be a millionaire in 40 years. If she has...
math - Suppose a student wants to be a millionaire in 40 years. If she has an ...
math - Suppose a student wants to be a millionaire in 40 years. If she has an ...
algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...
algebra - Suppose Mary deposits $200 at the end of each month for 30 years into ...
Compound math - (Future Value) Suppose you invest $8000 into an account that ...
Finance - 1. A man establishes an annuity for retirement by depositing $50,000 ...
Finite Mathematics - Jessica wants to accumulate $14,000 by the end of 5 yr in a...
math - This problem has to do with exponential models. The question says, you ...

Search
Members