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How much will you have to deposit every month

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Question - You plan to retire in 30 years with $1 million. You have an investment available that provides a rate of return of 8% per year, compounded monthly. How much will you have to deposit every month into this investment account to reach your retirement goal?

A. $437.90

B. $742.15

C. $670.98

D. $502.14

E. $380.98

F. $605.80

Reference no: EM131700900

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