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You have decided to begin planning for retirement in 3 5 years. You opened a brokerage account for your IRA account and deposited $ 2

You have decided to begin planning for retirement in 35 years. You opened a brokerage account for your IRA account and deposited $25,000 into your IRA account. At retirement you want to have $1,500,000.00 accumulated in your IRA account and your IRA account is expected to earn 11% per year and you plan to contribute the monthly amount at the beginning of each month rather than the end of each month. What is the monthly payment to the nearest cent that you need to contribute to achieve your retirement goal of $1,500,000?

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