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How much should you deposit at the end of each month into an investment account that pays 6.5% compounded monthly to have $2 million when
How much should you deposit at the end of each month into an investment account that pays
6.5%
compounded monthly to have
$2
million when you retire in
41
years? How much of the
$2
million comes from interest?
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Part 1
In order to have
$2
million in
41
years, you should deposit
$enter your response here
each month.
(Round up to the nearest dollar.)
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