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Assume that you determine you will retire in 41 years and that you want to have $990,000 in your retirement account that day. How
Assume that you determine you will retire in 41 years and that you want to have $990,000 in your retirement account that day. How much will you need to contribute to your account at the end of every month so that it will grow to equal $990,000 on that date? Assume that you will earn 12% interest annually on your investments. Enter your answer as a positive number (round to the nearest dollar if necessary).
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