How much should you deposit at the end of each month into an investment account that pays 8.5% compounded monthly to have $3 million when you retire in 43 years? How much of the $3 million comes from...


How much should you deposit at the end of each month into an investment account that pays 8.5% compounded monthly to have $3 million when you retire in 43<br>years? How much of the $3 million comes from interest?<br>Click the icon to view some finance formulas.<br>.....<br>In order to have $3 million in 43 years, you should deposit $ 572 each month.<br>(Round up to the nearest dollar.)<br>of the $3 million comes from interest.<br>(Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)<br>

Extracted text: How much should you deposit at the end of each month into an investment account that pays 8.5% compounded monthly to have $3 million when you retire in 43 years? How much of the $3 million comes from interest? Click the icon to view some finance formulas. ..... In order to have $3 million in 43 years, you should deposit $ 572 each month. (Round up to the nearest dollar.) of the $3 million comes from interest. (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)

Jun 04, 2022
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