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Its time to plan for retirement. You have 30 years until retirement and you plan to make monthly deposits into your retirement account. Suppose that

Its time to plan for retirement. You have 30 years until retirement and you plan to make monthly deposits into your retirement account. Suppose that your retirement account earns an 8.0% annual rate of return and your goal is to have $1,500,000 when you retire. How much do you need to deposit monthly to reach your goal?

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