Pablo L.

asked • 11/17/22

I dont understand how to solve this

You want to have $200,000 when you retire in 30 years. If you can earn 3% interest compounded monthly, how much would you need to deposit now into the account to reach your retirement goal?


1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.