Lang Ramirez
04/22/2023 · Middle School
Suppose you want to have \( \$ 300,000 \) for retirement in 25 years. Your account earns \( 7 \% \) interest. Round your answers to the nearest cent. 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: **\$395.56**
b) Total interest earned: **\$181,332.00**
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