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You would like to know how much you need to save and invest monthly to have a $1.5 million in your investment account in 40

You would like to know how much you need to save and invest monthly to have a $1.5 million in your investment account in 40 years. The current balance in the investment account is $5,000. You expect to generate an annual rate of return of 6% in a stock portfolio. Assume that your saving and investing start today.

$950

$410

$650

$722

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