Question

In: Finance

How much should you invest each month in order to have $700,000 if your rate of...

How much should you invest each month in order to have $700,000 if your rate of return is 5.9% compounded monthly and you want to achieve your goal in 40 years?

$

How much interest will you earn?

$

How much should you invest each month in order to have $700,000 if you want to achieve your goal in 20 years?

$

If you deposit the amount you need to achieve your goal in 20 years, how much will your savings be worth after 10 years?

$

Solutions

Expert Solution

a)

b)

c)

d)


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