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You plan on retiring in exactly 1 years and you would like to have a retirement fund balance of exactly $ 9 , 0 0

You plan on retiring in exactly 1 years and you would like to have a retirement fund balance of exactly $9,000,000 at that time. You are convinced that you can earn an APR (based on monthly compounding) of 9.76%. If you are making beginning-of-the-month payments into the account, how much does each one of the payments need to be in order to reach your target?

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