# finance

At age 5, how much would you have to save per month to have \$1 million in your account at age 65, if your investment rate was 10% per year? Assume no taxes and compounding on a monthly basis.

1. 👍 0
2. 👎 0
3. 👁 79

## Similar Questions

1. ### math

At age 5, how much would you have to save per month to have \$1 million in your account at age 65, if your investment rate was 10% per year? Assume no taxes and compounding on a monthly basis. \$213.30 \$21.23 \$274.60 can't be done

asked by alisha on July 24, 2008
2. ### finance (saving for \$1,000,000)

At age 5, how much would you have to save per month to have \$1 million in your account at age 65, if your investment rate was 10% per year? Assume no taxes and compounding on a monthly basis. I use my TI-83..... N=(65-5)*12

asked by Jason on July 25, 2008
3. ### math

You are 18 now. You want to have one million dollars when you are 45. How much do you need to save each month, at 10 percent to have your million dollars at age 45?

asked by Katey on October 23, 2016
4. ### math 2 questions need help

At age 5, how much would you have to save per month to have \$1 million in your account at age 65, if your investment rate was 10% per year? Assume no taxes and compounding on a monthly basis. \$213.30 \$21.23 \$274.60 can't be done

asked by alisha on July 24, 2008
5. ### Algebra 2

After one month at a new job you decide to save \$50. Each month you plan to increase your savings by five dollars. a.)Write an explicit formula to model the amount you will save each month. b.)How much will you save in the seventh

asked by Kristal on February 25, 2013
6. ### Algebra

After one month at a new job you decide to save \$50. Each month you plan to increase your savings by five dollars. a.)Write an explicit formula to model the amount you will save each month. b.)How much will you save in the seventh

asked by Courtney on March 3, 2013
7. ### Math

Tuition for one year at a state university is about \$13,000. Devon would like to attend this university and will save money each month for the next 4 years. His parents will give him\$5,200 for his first year of tuition. Which plan

asked by Anonymous on January 28, 2016
8. ### Finance (Engineering Economics)

You wish to retire at 60 and, at the end of each month thereafter for 25 years, to receive \$6,000. Assume that you begin making monthly payments into an account at age 23 and continue these payments until age 60. If the annual

asked by Chase on April 4, 2012
9. ### Programming

3.Do the planning and write algorithm to solve for following problem. There are 15 pupils in the Introduction to Programming I module. The age of every student is entered in years and months. Convert the age into months to

asked by Baba on April 1, 2015
10. ### economics

The Bureau of Labor Statistics reported that in June 2004​, the labor force was 149.2149.2 million, employment was 140.7140.7 million, and the​ working-age population was 223.4223.4 million. Calculate the unemployment rate and

asked by pppp on October 25, 2018

More Similar Questions