Question: You currently have $ 7 5 , 0 0 0 invested for retirement. If you are earning an 7 % APR with monthly compounding on

You currently have $75,000 invested for retirement. If you are earning an 7% APR with monthly
compounding on your money, how much would you have to invest per month to have $3,000,000
after 20 years? Assume ordinary annuity.
Express your answer in dollars and cents.
You currently have $75,000 invested for retirement. If you are earning

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