You are now 25 years old and host beginning to save for your. If your retirement account

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Question:

You are now 25 years old and host beginning to save for your. If your retirement account will earn 7% per year with monthly compounding, how much do you need to invest each month so that you can retire at 60 years old with $2 million in your retirement account?

a). $1260

b). $960

c). $1305

d). $1110

e). $855