Marco is plans to retire in 16 years. He wants you to assume he will be...

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Marco is plans to retire in 16 years. He wants you to assume he will be retired for 28 years before he dies. You calculated that Marco needs $1,390,105 as a lump sum at the beginning of retirement. Use an investment return of 10 percent and an inflation assumption of 3.3 percent. How much money will he need to save monthly to have this amount when he begins retirement? (Round the final answer to 2 decimal places) Marco is plans to retire in 16 years. He wants you to assume he will be retired for 28 years before he dies. You calculated that Marco needs $1,390,105 as a lump sum at the beginning of retirement. Use an investment return of 10 percent and an inflation assumption of 3.3 percent. How much money will he need to save monthly to have this amount when he begins retirement? (Round the final answer to 2 decimal places)