How much to add each month

Reference no: EM131966163

Question: You deposit $100 in your savings account every quarter for your retirement. Your conservative savings account earns 1% interest, compounded quarterly.

a) How much money will you have after 25 years?

b) How much to add each month reaching $1 million in 30 years if 1% interest is compounded monthly?

Reference no: EM131966163

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