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Solve WITHOUT USING EXCEL. Please show all work. Thank you! After graduating from IU,...

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Accounting

Solve WITHOUT USING EXCEL. Please show all work. Thank you!image

After graduating from IU, you are hired by a company that offers a 401(k) retirement plan. You would like to save enough in this plan so that when you retire in 55 years you have an account balance of \$2.1 million. You plan to make monthly contributions, and expect a real annual return of 6%, compounded monthly. How much should you deposit each month to reach your goal

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