How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with a million dollars by age 48 Round your answer to the nearest thousand. ?
A)$171,000
B) $81,000
C) $166,000
D) $89,000
E) None of these

Question

How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with a million dollars by age 48  Round your answer to the nearest thousand. ?
A)$171,000
B) $81,000
C) $166,000
D) $89,000
E) None of these

Quizplus · Accepted Answer

The Answer of How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with a million dollars by age 48  Round your answer to the nearest thousand. ?
A)$171,000
B) $81,000
C) $166,000
D) $89,000
E) None of these

How Much Would You Have to Invest When You Are