question archive You would like to have $500,000 when you retire in 35 years
Subject:FinancePrice: Bought3
You would like to have $500,000 when you retire in 35 years. How much should you invest each quarter if you can earn a rate of 7.9% 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?