Ask Question
23 November, 04:27

At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to have $1.5 million when you retire in 30 years, how much should you deposit monthly? Assume an ordinary annuity.

+3
Answers (1)
  1. 23 November, 04:53
    0
    I would suggest you deposit $1,493.26 monthly
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to have $1.5 million when you retire in ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers