You need to save aside $320,000 for your retirement plan 10 years from now. You have a saving of $120,000 and is consider to put exactly an equal amount of money into Sustainable Investment Fund at...

You need to save aside $320,000 for your retirement plan 10 years from now. You have a saving of $120,000 and is consider to put exactly an equal amount of money into Sustainable Investment Fund at the end of each month for 10 years to get 200 000 you still short of now. The fund is offering a rate of return 10.5 % per year, compounding monthly.

Calculate the monthly payment you need to contribute into Sustainable Investment Fund to get $200,000 after 10 years?

If you change to contribute $1,000/month to that fund at the beginning of each month, how much money you would have in your account after 10 years?