Rob wants to save $100,000 over the next 20 years. He will make regular month-end deposits of $200 into his account. What monthly compounded nominal interest rate must he earn (j12) in order to...

Rob wants to save $100,000 over the next 20 years. He will make regular month-end<br>deposits of $200 into his account. What monthly compounded nominal interest rate<br>must he earn (j12) in order to realize his goal? Express your answer an an annual<br>percentage rate but don't include the % sign.<br>Your Answer:<br>Answer<br>

Extracted text: Rob wants to save $100,000 over the next 20 years. He will make regular month-end deposits of $200 into his account. What monthly compounded nominal interest rate must he earn (j12) in order to realize his goal? Express your answer an an annual percentage rate but don't include the % sign. Your Answer: Answer

Jun 10, 2022

SOLUTION.PDF

Rob wants to save $100,000 over the next 20 years. He will make regular month-end deposits of $200 into his account. What monthly compounded nominal interest rate must he earn (j12) in order to...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment