How much should you deposit at the end of each month into an investment account that pays comes from earnings? i Click the icon to view some finance formulas. In order to have $5 million in 38 years, you should deposit $ each month. (Round up to the nearest dollar.) $of the $5 million comes from interest. (Use the answer from the previous step. Round to the nearest dollar as needed.) ***
How much should you deposit at the end of each month into an investment account that pays comes from earnings? i Click the icon to view some finance formulas. In order to have $5 million in 38 years, you should deposit $ each month. (Round up to the nearest dollar.) $of the $5 million comes from interest. (Use the answer from the previous step. Round to the nearest dollar as needed.) ***
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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