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Grayson is behind on his retirement savings and wants to start saving $1,000 per month so he can retire in 20 years. If he earns 9% a year, compounded monthly, how much money will Grayson have to retire? $622,447 $667,887 $684,254 $724,333

Respuesta :

Answer:

P = $1,000

r = 0.09

n = 12

t = 20

= 667,887

Answer:

P = $1,000

r = 0.09

n = 12

t = 20

FV =  

=  

= 667,887

Step-by-step explanation: