Question: You would like to have $ 1 , 7 5 0 , 0 0 0 saved in your retirement account when you retire. The current

You would like to have $1,750,000 saved in your retirement account when you retire. The current balance of your retirement account is $400,000. Beginning at the end of this month, and continuing every month until you retire, you will be making equal monthly deposits in the account.
Question 8A) If you anticipate the account will earn 5.5% APR (monthly compounding) and you would like to retire at the age of 55, how large does each of your deposits need to be to reach your goal

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