How much total money will you put into the account

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Reference no: EM131947050

1. You would like to have $750,000 when you retire in 30 years. How much should you invest each quarter if you can earn a rate of 3.5% compounded quarterly?

a) How much should you deposit each quarter?

b) How much total money will you put into the account?

c) How much total interest will you earn?

2. You deposit $450 each month into an account earning 5% interest compounded monthly.

a) How much will you have in the account in 20 years? $

b) How much total money will you put into the account? $

c) How much total interest will you earn?

Reference no: EM131947050

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