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Mike wants to invest money every month for 30 years. He would like to have $500000 at the end of 30 years. For each investment

Mike wants to invest money every month for 30 years. He would like to have $500000 at the end of 30 years. For each investment option, how much does he need to invest each month? (Use Formula and show your work)

a. 10.2% a compound monthly

b. 5.1% a compound monthly

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