Question: I plan to deposit $2,000 per month at the end of each month over the next 10 years. My investments earn 0.8 percent per month.

I plan to deposit $2,000 per month at the end of each month over the next 10 years. My investments earn 0.8 percent per month. I would like to have $1 million in 10 years. To achieve this, I will also need to deposit a lump sum now. How much should that lump sum be?

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