Posted by **nikki** on Sunday, June 23, 2013 at 10:18pm.

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

## Related Questions

- math - Suppose a student wants to be a millionaire in 40 years. If she has an ...
- algebra - Suppose a student wants to be a millionaire in 40 years. If she has an...
- 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...
- College Statistics - How much should you invest each month in order to have $800...
- Savings - A. How much should you invest each month in order to have $800,000 if ...
- Finite Mathematics - Jessica wants to accumulate $14,000 by the end of 5 yr in a...
- SUMMARY OF FINANCIAL TIME VALUE OF MONEY - How much should you invest each month...
- algebra - 1. Suppose Mary deposits $200 at the end of each month for 30 years ...
- Mathematics and investment - 1. Angelo wants to renovate his house in 3 years. ...

More Related Questions