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need help with this please . You figure that you need $500,000 in savings to retire in 40 years. You can earn 4.000%, compounded monthly.

image text in transcribedneed help with this please
. You figure that you need $500,000 in savings to retire in 40 years. You can earn 4.000%, compounded monthly. How much do you need to save every month to have $500,000 in 40 years? Answer in S, to two decimal places le. Sx.xx.xx Arabbal. Varle will add 1 nar month every month. The account earns 4.200%

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