When you graduate college at the age of 20, you want to start saving up for retirement. if your investment pays a fixed apr of 9% and you want to have $2.5 million when you retire in 45 years, how much would you need to deposit, on a monthly basis, to reach this goal? assume an ordinary annuity. a. $339.55 c. $337.62 b. $338.41 d. $336.21

Answer-

You need to deposit $337.62 each month, to reach this goal.

Solution-

We know that,

Where,

P = periodic payment

r = rate per period

n = number of period

Here,

Putting the values,

answer: idk

step-by-step explanation: sry idk

points are handed out whenever you post answers.

brainliest answers are handed out by the person asking the question, so whether your answer is picked depends entirely on whether the asker bothers to pick

if you're asking about your rank, it depends on having a certain number of points and a certain number of brainliest answers. for example, at the time of this writing, i have 44338 points out of 15000 needed for the next (nearly triple the requirement! ) but i only have 24 out of 50 required brainliest answers. this number decays, meaning after a certain amount of time (i think about a month), the total number of brainliest answers you've earned doesn't count toward this total. (i've been stuck at the same rank for a long

the lesson to learn here is that you shouldn't worry about points or rank. chances are, no matter how good an answer you may provide, your efforts will go mostly unnoticed unless you focus on the newest/most active questions that get posted.