Mathematics, 12.12.2020 17:00 cschellfamily

Bob and Kathy want to save a total of $500,000 for retirement. How much should they deposit monthly into an account that pays 3.9% interest, compounded monthly, to meet their goal in 24 years?
$1,051.17
$2,102.34
$950.41
$4,446.41

Answers: 3

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More questions: Mathematics Another questions

Bob and Kathy want to save a total of $500,000 for retirement. How much should they deposit monthly into an account that pays 3.9% interest, compounded monthly, to meet their goal in 24 years? $1,051.17 $2,102.34 $950.41 $4,446.41

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Another question on Mathematics

Bob and Kathy want to save a total of $500,000 for retirement. How much should they deposit monthly into an account that pays 3.9% interest, compounded monthly, to meet their goal in 24 years?
$1,051.17
$2,102.34
$950.41
$4,446.41