Little Riley
09/22/2024 · Senior High School
Suppose you want to have \( \$ 700,000 \) for retirement in 30 years. Your account earns \( 10 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?
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a) Monthly deposit: **\$592.36**
b) Total interest earned: **\$486,354.40**
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