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How much he will need to put into an account every

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In order to retire as a "Millionaire" at a young age of 50, Joe needs to figure out how much he will need to put into an account every quarter (3 months).

Joe is currently 38 years old (so just assume a nice even 12 years to get the 1 million dollars). If he is to reach his goal of accumulating $1,000,000 by the time he is 50 - how much will he have to deposit every 3 months into an account which earns 9% compounded quarterly?

Reference no: EM131928349

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