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Jesse wants to have $1,400,000 in his retirement account 45 years from today. If his account earns an APR of 6% per year, compounded monthly,
Jesse wants to have $1,400,000 in his retirement account 45 years from today. If his account earns an APR of 6% per year, compounded monthly, how much must he deposit each month to achieve his goal?
Group of answer choices
$6,580.69
$9,472.28
$658.07
$507.98
$27,819.64
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