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TVM. You wish to retire 40 years from today. You currently have $40,000 in your retirement portfolio which earns, on average, 8.4% per year. You

TVM. You wish to retire 40 years from today. You currently have $40,000 in your retirement portfolio which earns, on average, 8.4% per year. You wish to accumulate $2,000,000 in your portfolio at the time of retirement. How much more would you need to contribute MONTHLY, if any, in order to attain your retirement goal? Be sure to use monthly data input.

About $154

About $150

About $220

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