Solve the following problem using the formula.

Please round intermediate calculations to 4 decimal places as done in class.

Holmes reportedly paid $9,000,000 to get her boyfriend Lamar ("Hot Sauce") McDowout of jail.You may think he is a lucky fellow,but you could accumulate that amount over a period of 20 years by putting aside equal amounts every month.Luckily for you, the historic return on the DJIA over any 20 year period is about 10%.How much would you need to put in your investment account periodically?