Formulas In the following formulas, P is the deposit made at the end of each compounding...
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Formulas In the following formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. nt P[(1+r)-1] P 1 + -1 A (H) A = A = P = - nt 1 + -1 In the following formulas, P is the principal amount deposited into an account, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and A is the future value of the account after t years. nt A = P(1+r) A = P(1+1) Print Done How much should you deposit at the end of each month into an investment account that pays 7.5% compounded monthly to have $5 million when you retire in 36 years? How much of the $5 million comes from earnings? i Click the icon to view some finance formulas. In order to have $5 million in 36 years, you should deposit $ each month. (Round up to the nearest dollar.) Formulas In the following formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. nt P[(1+r)-1] P 1 + -1 A (H) A = A = P = - nt 1 + -1 In the following formulas, P is the principal amount deposited into an account, r is the annual interest rate in decimal form, n is the number of compounding periods per year, and A is the future value of the account after t years. nt A = P(1+r) A = P(1+1) Print Done How much should you deposit at the end of each month into an investment account that pays 7.5% compounded monthly to have $5 million when you retire in 36 years? How much of the $5 million comes from earnings? i Click the icon to view some finance formulas. In order to have $5 million in 36 years, you should deposit $ each month. (Round up to the nearest dollar.)
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