question 23

Elanti is 30 years old today and wants to retire in thirty years. If Elanti saves monthly in an account that pays a stated annual rate of 3%, then he should save $ per month to accumulate $1,000,000 in thirty years. The first payment will be made next month. 1) 1,171.63 2) 1,354.24 3) 1,716.04 4) 995.51 5) 1.556.33