Just want to make a post about the questions I don’t understand. Can’t find answers. Don’t want to be stuck with them forever so just make a record first to move on to the next assignment. Maybe there are answers later.
- How much would you have to deposit into your savings account per month if you earn 10% per annum, with monthly compounding, if you want to have $1,000,000 in the bank after 5 years?
Answer: $12,913.71
Aqua's Personal Finance 