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You want to retire exactly 35 years from today with $2,080,000 in your retirement account. If you think you can earn an interest rate of

You want to retire exactly 35 years from today with $2,080,000 in your retirement account. If you think you can earn an interest rate of 10.59 percent compounded monthly, how much must you deposit each month to fund your retirement?

Multiple Choice

$4,952.38

$558.12

$465.90

$501.34

$470.01

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