Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if you want to have a million dollars 35 years fro

If you want to have a million dollars 35 years from today, how much should...

50.1K

Verified Solution

Question

Accounting

image

If you want to have a million dollars 35 years from today, how much should you invest in your savings account that earns interest of 2.06% compounded monthly? Round to the nearest cent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment...

Finance
Q

According to the Carnegie unit system, the recommended number of hours students should study per unit...

Basic Math
Q

Prepare a flexible budget for Oman Electro-Mechanical Company for the year 2020. The company has provided the...

Operations Management
Q

research, and come up with a contemporary example of absolute poverty. That includes where it exists,...

Psychology
Q

What mass of reactants are used during the reaction Hydrogen Bromine Hydrogen Bromide 16 25...

Geometry
Q

dule 6 thesis Testing K Question 25 Part 1 of 5 A light bulb manufacturer...

Statistics
Q

Find the sample variance and the standard deviation for the following sample. Round the answers...

Statistics
Q

The Parker family bought a house for 270 000 The value of the real estate...

Statistics
Q

25 Express using rational exponents 8x7y 2 F

Algebra
Q

Bramble Games Inc. adjusts its accounts annually. The following information is available for the year...

Accounting
Q

Home Depot is a merchandising company. What is their Inventory as a percentage of their...

Accounting
Q

Yesenia purchased a car for $22,241. She obtained a 6 year term loan at an...

Accounting