Whose annual rate is 2.4% with monthly compounding

Reference no: EM133633055

Question: In order to have $498,851 in 26 years, how much needs to be deposited each month into a bank account whose annual rate is 2.4% with monthly compounding?

Round your answer to the nearest dollar.

Reference no: EM133633055

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Whose annual rate is 2.4% with monthly compounding : In order to have $498,851 in 26 years, how much needs to be deposited each month into a bank account whose annual rate is 2.4% with monthly compounding

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