Question: please reply with only the number answer to the underlined question. i do not want to see any other equations or numbers. just the answer
Question 3 1 pts In order for your clients to reach their retirement goal, let's say you've estimated that they need to have $2,500,000 accumulated by the time they retire at age 61. To reach that goal, how much do they need to save at the end of each month if they are currently 40 years old? They currently have $130,000 saved for retirement. Assume general inflation averages 2.8% per year, and based on their risk tolerance, your clients can earn an annual rate of return of 7.9% on their investments
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