Question: K2 K Jimmette currently has zero dollars, and has a savings goal of $343782.6 when she retires in 30 years. If Jimmette makes end of

 K2 K Jimmette currently has zero dollars, and has a savings

K2 K Jimmette currently has zero dollars, and has a savings goal of $343782.6 when she retires in 30 years. If Jimmette makes end of month payments, and the interest she earns is 3.6% compounded monthly, then how much does she need to contribute at the end of each month to reach her savings goal? Answer: Check For how many years (rounded to 2 decimal places, no units required) must month end deposits of $153 be made to an account that earns interest at the rate of 3.2% compounded monthly, until a total of at least $22467 is accumulated? Note: make sure you round up the number of months before you convert to years. Answer: Check

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