Question: a.) How much must be placed each month into a retirement account earning 7% compounded monthly if the value of the account is to reach

a.) How much must be placed each month into a retirement account earning 7% compounded monthly if the value of the account is to reach $ 1,000,000 in 30 years?

b) If the account continues to earn 7% after retirement, how much per year will the account earn?

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