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What monthly payment does denise need to make

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1) Matt Johnson delivers newspapers and is putting away ?$19 at the end of each month from his paper route collections. Matt is 11 years old and will use the money when he goes to college in 7 years. What will be the value of? Matt's account in 7 years with his monthly payments if he is earning 7?% ?(APR), 9% ?(APR), or 14.5% ?(APR)?

2) Payments with periodic rates.  

-Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each month over the coming 39 years at 7?% APR to reach her retirement goal of ?$1.2 ?million?

What monthly payment does Denise need to make to reach her retirement? goal?

Reference no: EM132666173

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