Corbin wants to accumulate $1,900,000 over the next 30 years by investing the same amount at the

Fantastic news! We've Found the answer you've been seeking!

Question:

Corbin wants to accumulate $1,900,000 over the next 30 years by investing the same amount at the beginning of each month. If he can expect a long-term rate of return of 8.9% compounded annually, how much must he invest each month? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Corbin must Invest $[ at the beginning of each month.