How much should you invest each month in order to have $800,000 if your rate of return is 6.3% compounded monthly and you want to achieve your goal in 40 years? $ How much interest will you earn? 5 How much should you invest each month in order to have $800,000 if you want to achieve your goal in 20 years? 5 If you deposit the amount you need to ac

Question

How much should you invest each month in order to have

$800,000

if your rate of return is

6.3%

compounded monthly and you want to achieve your goal in 40 years?

$

How much interest will you earn? 5 How much should you invest each month in order to have

$800,000

if you want to achieve your goal in 20 years? 5 If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years? Question 5 You would like to have

$550,000

when you retire in 25 years. How much should you invest each quarter if you can earn a rate of

6.7%

compounded quarterly? a) How much should you deposit each quarter? 5 b) How much total money will you put into the account? 5

◻

c) How much total interest will you earn?

$

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