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Varian wants to have $500,000 in an investment account seven years from now. The account will pay 0.45 percent interest per month. If he saves

Varian wants to have $500,000 in an investment account seven years from now. The account will pay 0.45 percent interest per month. If he saves money every month, starting one month from now, how much will he have to save each month to reach his goal?

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