Cesar plans to retire at age 57, and estimates that $62,400 a year in retirement for 28 years will be needed. That annual amount will be paid out in monthly income checks. To save for retirement, Cesar plans to put money every month into a 401k plan at work. If Cesar is currently 25, how much will need to be saved each month to meet the retirement goal, assuming the retirement accounts earn an average of 6.6% per year.

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