# Suppose you want to have $300,000 for retirement in 20 years. Your account earns 7% interest.a) How much would you need to deposit in the account each month?$b) How much interest will you earn?$Question Suppose you want to have$300,000 for retirement in 20 years. Your account earns 7% interest.

a) How much would you need to deposit in the account each month?

$b) How much interest will you earn?$