Wayne County NY
Example 2. You want to have $200,000 in your account when you retire in 30 years. Your retirement account earns 8% interest. How much do you need to deposit each month to meet your retirement goal? In this example, We’re looking for d. r = 0.08 (8%) k = 12 (since we’re depositing monthly) N = 30 (30 years) P30 = $200,000 ................
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