Gordon Gonzalez
04/08/2023 · Primary School
Suppose you want to have \( \$ 600,000 \) for retirement in 35 years. Your account earns \( 10 \% \) interest. How much would you need to deposit in the account each month?
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You would need to deposit approximately \$445.36 each month to reach your goal of \$600,000 in 35 years at a 10% interest rate.
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