Question: Interest compounded monthly = 6.6% To save for retirement you decide to make monthly deposits. If the First deposit is made on their 28th birthday

Interest compounded monthly = 6.6%

To save for retirement you decide to make monthly deposits. If the First deposit is made on their 28th birthday and last deposit will be made on their 56th birthday.

What's the size of the deposits in order to have $250,000 when they retire on the 64th birthday?

$15,000 is to be repaid with 8 semiannual payments beginning 6 months from now.

What's the size of each payment if the interest is 9.6% compounded monthly.

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