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Your brother wants to retire in 4 0 years with $ 1 , 0 0 0 , 0 0 0 in his account. Assume he

Your brother wants to retire in 40 years with $1,000,000 in his account. Assume he can invest his money at 7.5% annual interest (annual compounding) until retirement. He wants to know from you how much money he needs to save at the end of each month for the next 40.
Question 34 options:
$330.71
$4,400.31
$22,174.35
None of the answers is correct
$354.66

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