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An investor wants to have $ 1 , 1 0 0 , 0 0 0 in his retirement account 4 3 years from today. If

An investor wants to have $1,100,000 in his retirement account 43 years from today. If his account earns an APR of 4.95% per year, compounded monthly, how much must he deposit each month to achieve his goal?
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$779.59
$1,314.92
$7,795.89
$616.04
$13,149.17

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