Solve the problem.What monthly contribution should you make if your goal is to have $850,000 in your retirement savings account after 30 years? Assume the APR is 6.6% compounded monthly and that contributions are made at the end of each month, including the last month. Round your answer to the nearest cent.

A. $813.79
B. $753.60
C. $698.42
D. $768.41
E. $648.98


Answer: B

Mathematics

You might also like to view...

Write the number as indicated.A planet orbits its sun at a distance of about 96,962,000 miles. Write the number in words.

A. Ninety-six billion, nine hundred sixty-two thousand miles B. Ninety-six million, nine hundred sixty-two thousand miles C. Ninety-six million, nine hundred sixty-two miles D. Ninety-six billion, nine hundred sixty-two million miles

Mathematics

Solve the problem.In the adjoining figure, ?1 and ?2 are parallel lines and t is a traversal. Assuming that ? = (4x + 5)° and  find the measures of ? and ?. 

A. ? = 106°, ? = 86° B. ? = 106°, ? = 106° C. ? = 123°, ? = 123° D. ? = 69°, ? = 123°

Mathematics

Identify the equation as either an identity or not. = 2 sin 2x

A. Not an identity B. Identity

Mathematics

Find the sum.92 + (-14)

A. 78 B. 106 C. -106 D. -78

Mathematics