You would like to have $750,000 in 40 years by making regular deposits at the end...
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You would like to have $750,000 in 40 years by making regular deposits at the end of each month in an annuity that pays 7% compounded monthly. The table below shows the 2021 marginal tax rates, standard deduction, and exemptions for a single person. Complete parts (a) through (c). Tax Rate 10% 12% 22% 24% - 32% 35% 37% Standard Deduction Single up to $9950 $9951 to $40,525 $40,526 to $86,375 $86,376 to $164,925 $164,926 to $209,425 $209,426 to $523,600 more than $523,600 $12,550 Click the icon to view some finance formulas. a. Determine the deposit at the end of each month. In order to have $750,000 in 40 years, you should deposit $ each month. (Round up to the nearest dollar.) You would like to have $750,000 in 40 years by making regular deposits at the end of each month in an annuity that pays 7% compounded monthly. The table below shows the 2021 marginal tax rates, standard deduction, and exemptions for a single person. Complete parts (a) through (c). Tax Rate 10% 12% 22% 24% - 32% 35% 37% Standard Deduction Single up to $9950 $9951 to $40,525 $40,526 to $86,375 $86,376 to $164,925 $164,926 to $209,425 $209,426 to $523,600 more than $523,600 $12,550 Click the icon to view some finance formulas. a. Determine the deposit at the end of each month. In order to have $750,000 in 40 years, you should deposit $ each month. (Round up to the nearest dollar.)
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