Question: Please show work using financial formula, thanks. 4. (5 points) Suppose you want to save $700,000 by the time you retire in 35 years. You

Please show work using financial formula, thanks. 4. (5 points) Suppose
Please show work using financial formula, thanks.

4. (5 points) Suppose you want to save $700,000 by the time you retire in 35 years. You plan on saving money at the beginning of each month starting today. If you can earn 5.5% APR on your investment over the time frame, how much must you save each month to reach your goal

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