What is the amount that he will have to save, Finance Basics

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What is the amount that he will have to save

Johnson needs to have $60,000 in 8 years. To reach the goal, he intends to make monthly contributions to a savings plan. If he can earn 6 percent APR with monthly compounding on the savings plan, what is the amount that he will have to save each month for the next 8 years?

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Finance Basics: What is the amount that he will have to save

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Request for Solution File

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Finance Basics: What is the amount that he will have to save

Reference No:- TGS0726917

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Explain whether board should approve the sale of the boat

Q : Central axis of the cylinder

Q : What is the leakage resistance

Q : Find pressure in psig at valve if water temperature given

Q : What is the amount that he will have to save

Q : Determine the leakage resistance

Q : Compute and plot swing of bag and magnitute off the tension

Q : Line connecting the midpoints of the two rods

Q : Explain how much will you have at your retirement

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the amount that he will have to save

Reference No:- TGS0726917

Recent Questions Asked Finance Basics

Q : Explain whether board should approve the sale of the boat

Q : Central axis of the cylinder

Q : What is the leakage resistance

Q : Find pressure in psig at valve if water temperature given

Q : What is the amount that he will have to save

Q : Determine the leakage resistance

Q : Compute and plot swing of bag and magnitute off the tension

Q : Line connecting the midpoints of the two rods

Q : Explain how much will you have at your retirement

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