Answer to Question #254780 in Financial Math for Katie

Question #254780

Sergio plans to retire in 15 years. He would like to have $250,000 in his retirement account. If he invests in a plan that pays 4.69% interest compounded monthly, how much should he contribute monthly? A. $138.89 B. $277.88 C. 959.77 D. 560.23

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