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You would like to retire in 40 years with $1,000,000 in your 401K. What monthly amount do you have to invest monthly if your money

image text in transcribed You would like to retire in 40 years with $1,000,000 in your 401K. What monthly amount do you have to invest monthly if your money earns a 12% annual rate monthly compounded? $109 $135 $85 $119

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