How much must you invest at the end of each month into an account earning 7.5% interest, compounded monthly, so that you have $800,000 in 30 years. Round your answer to the nearest cent.
Added by Kristen S.
Step 1
5% Monthly interest rate, r/n = 7.5%/12 = 0.075/12 = 0.00625 Show more…
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