Question: How do I solve this problem: A 30 year old workers plans to retire at age 65. He believes that $500,000 is needed to retire

How do I solve this problem:

A 30 year old workers plans to retire at age 65. He believes that $500,000 is needed to retire comfortably. How much should be deposited now at 3.5% compounded monthly to meet the $500,000 retirement goal?

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