Question: How much does a depositor have to save at the end of every month for 30 years to accumulate $1,000,000 if interest is 6% compounded
How much does a depositor have to save at the end of every month for 30 years to accumulate $1,000,000 if interest is 6% compounded semi-annually? Select one O a $1.004.65 Ob $1,009.61 OC $1,100.00 Od $1.117.27 Oe $1,293.98
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
