Question - Solve the Question. Round up the deposit to the nearest dollar. Show your set yp in the formula and then the answer.
(A(r/n)/[(1+(r/n))nt - 1])
How much should you deposit at the end of each month into an IRA that pay a 6.5% compounded monthly to have $4 million when you retire in 45 years? How much of the $4 million comes from interest?