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Melissa wants to have $750,000 in her retirement account when she turns 70. She is 31 years old currently and can invest money at 5.875%

Melissa wants to have $750,000 in her retirement account when she turns 70. She is 31 years old currently and can invest money at 5.875% interest. Determine the amount she would need to contribute each month (monthly payment) in order to reach this future value. Round your answer to the nearest cent!

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