Solved: How much do you need to invest each month over the next 30, Basic Statistics

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How much do you need to invest each month over the next 30

You can invest money each month at 6 percent interest compounded monthly over the next 30 years.

In 30 years, you will take all the money you invested and put it into an account earning 8 percent compounded monthly.

Then you will start taking out $2000 a month for the next 15 years until your account runs out of money.

How much do you need to invest each month over the next 30 years? (please show work)

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Basic Statistics: How much do you need to invest each month over the next 30

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