christinaelenaj christinaelenaj
  • 11-03-2024
  • Mathematics
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Suppose you want to have $500,000.00 for retirement in 20 years by depositing a certain amount
each month. Your account earns 6% interest.
Use the TVM Solver on the TI calculator. Round to the nearest cent (two decimal places.)
(a) How much will you need to deposit into the account each month?
$
b) How much interest will you earn during the 20 years?
$

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