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Jacob wants to retire one day with $ 2 million. He just started his new job making $ 7 , 4 0 0 every month.

Jacob wants to retire one day with $2 million. He just started his new job making $7,400 every month. Jacob is excited that interest rates are so high now that he intends to invest the $19,000 from his prior job's 401(k) and purchase 30-year Treasury bonds that pay 1.375% per quarter (assume he can continue to earn the same rate on additional savings while working). At the end of 30 years, he hopes to retire. If Jacob is paid once each month, how much must he save each month to reach his goal?
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