Mathematics
Mathematics, 26.04.2021 15:00, marchellepenuliar

You have an account that starts with $5,800. You add $500 to it each month. It earns 5.9% interest, compounded monthly. The investment will last for 34 years. Beyond the $500 you add each month, how much additional monthly payment will you need to add in order for the account to end with $1,160,000 after 34 years.

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You have an account that starts with $5,800. You add $500 to it each month. It earns 5.9% interest,...

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