Celine wishes to retire at age 67 with $⁢1,400,000 in her retirement account. When she turns 22, she decides to begin depositing money into an account with an APR of 7% compounded monthly. What is the monthly deposit that Celine must make in order to reach her goal? Round your answer to the nearest cent, if necessary.

Answer rating: 100% (QA)

solution Present value is the value of investment in tod... View the full answer