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Suppose you want to have $400,000 for retirement in 20 years. Your account earns 6% annual interest, compounded monthly. (Enter your answer to 2 decimal

Suppose you want to have $400,000 for retirement in 20 years. Your account earns 6% annual interest, compounded monthly. (Enter your answer to 2 decimal places.)

a) How much would you need to deposit in the account each month?

b) How much interest will you earn?

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