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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 9% per year. You are going to add the same amount at the end of every month to your IRA; 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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