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Need help How much should you deposit at the end of each month...

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Accounting

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How much should you deposit at the end of each month into an investment account that pays 9% compounded monthly to have $4 million when you retire in 37 years? How much of the $4 million comes from interest? Click the icon to view some finance formulas. each month. In order to have $4 million in 37 years, you should deposit $ (Round up to the nearest dollar.) a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $? at the end of each month Rate 3.5% compounded monthly Time 11 years Financial Goal $180,000 Click the icon to view some finance formulas. a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.)

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