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How much should you deposit at the end of each month into an investment account that pays 7.5% compounded monthly to have $5 million when
How much should you deposit at the end of each month into an investment account that pays 7.5% compounded monthly to have $5 million when you retire in 35 years? How much of the $5 million comes from interest? In order to have $5 million in 35 years, you should deposit $ each month. (Round up to the nearest dollar.)
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