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You have a retirement portfolio with a current balance of $10,000. You plan to retire 50 years from now and would like to have $3

You have a retirement portfolio with a current balance of $10,000. You plan to retire 50 years from now and would like to have $3 million in your portfolio at that time. Suppose r = 8%. What MONTHLY fixed payment would you need to make into your portfolio in order to reach your financial goal?

$800.00

$4,4110.15

$310.30

None of the above

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