Andrea, a self-employed individual, wishes to accumulate a retirement fund of $270,000. How much should she deposit each month into her Keogh account, which pays interest at the rate of 9.5%/year compounded monthly, to reach her goal upon retirement 23 years from now? Round your answer to the nearest cent.
R = $__________

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The Answer of Andrea, a self-employed individual, wishes to accumulate a retirement fund of $270,000. How much should she deposit each month into her Keogh account, which pays interest at the rate of 9.5%/year compounded monthly, to reach her goal upon retirement 23 years from now? Round your answer to the nearest cent.
R = $__________

Andrea, a Self-Employed Individual, Wishes to Accumulate a Retirement Fund