Suppose that you want to have ($ 1,000,000) in 50 years. To achieve this goal, how much

Question:

Suppose that you want to have \(\$ 1,000,000\) in 50 years. To achieve this goal, how much do you need to deposit today if you can earn 9\% interest compounded monthly?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: