How much should you deposit at the end of each month into an investment account...
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How much should you deposit at the end of each month into an investment account that pays 6.5% compounded monthly to have $3 million when you retire in 42 years? How much of the $3 million comes from interest? each month. In order to have $3 million in 42 years, you should deposit $ (Round up to the nearest dollar.) $ of the $3 million comes from interest. (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
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