Andrea, a self - employed individual, wishes to accumulate a retirement fund of $ 8 5 0

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Question:

Andrea, a self

-

employed individual, wishes to accumulate a retirement fund of $

850, 000 .

How much should she deposit each month into her retirement account, which pays interest at a rate of

2.5 % /

year compounded monthly, to reach her goal upon retirement

30

years from now?

(

Round your answer to the nearest cent.

)

Posted Date: May 18, 2024 04:11 PM

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Andrea, a self - employed individual, wishes to accumulate a retirement fund of $ 8 5 0

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