You started working today, and you opened a 4 0 1 k account with your employer. Your employer will match all contributions to your 4

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You started working today, and you opened a 401k account with your employer. Your employer will match all contributions to your 401k account on a one-to-one basis. You estimate that you can earn an average annual return of 8%. If you want to have $3,000,000 in 40 years, and you start contributing to your 401k a month from today, how much do you have to contribute to the account each month?

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