How much money do you need to invest every year for 20 yearsHow much money do you need to invest every year for 20 years

Feb 15, 2024

How much money do you need to invest every year for 20 years at 8% interest in order to have $500,000? In other words, what is the present value of a compounding interest.

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Would you rather have a savings account that pays 5% interest compounded semi-annually or one that pays 5% interest compounded daily? Explain.

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