asked 226k views
4 votes
Garry wants to have $750,000 in 30 years. How much does he have to invest per month in an annuity with an annual interest rate of 2.4%? Round to the nearest dollar.

asked
User Franzi
by
8.8k points

1 Answer

3 votes
I think the answer is Garry has to invest 2,035 dollars a month for 30 years to reach his goal of 750,000 dollars
answered
User Tasnim
by
8.3k points
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