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Seema needs $500 000 at the beginning of her retirement. Seema expects to retire in 25 years and she will earn an average rate of

Seema needs $500 000 at the beginning of her retirement. Seema expects to retire in 25 years and she will earn an average rate of return of 6.5% compounded monthly on her investments. How much must Seema deposit at the end of each month in order to reach her retirement goal?

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