How much should you deposit at the end of each month into an investment account that pays $8\mathrm{.}5\%$ compounded monthly to have $ $3$ million when you retire in $44$years$?$ How much of the $ $3$ million comes from$$ interest?In order to have $$$$3$ million in $44$years$,$ you should deposit $$$

$$

$525$ each month.

$($Round up to the nearest$$ dollar.$)$

Part $2$

$$$

$$

enter your response here of the $$$$3$ million comes from interest.

$($Use the answer from part$($a$)$ to find this answer. Round to the nearest dollar as$$ needed.$)$

LOADING... Click the icon to view some finance formulas.

Question content area bottom

Part $1$

In order to have $$$$3$ million in $44$years$,$ you should deposit $$$

$$

enter your response here each month.

$($Round up to the nearest$$ dollar.$)$