Question

You want to have $1,000,000 waiting in your retirement account on the day you retire. You...

You want to have $1,000,000 waiting in your retirement account on the day you retire.

You will work for forty years. Your retirement account pays 9%.

How much must you take out of your paycheck at the beginning of each month?

A. $749.45

B. $1,256.88

C. $212.03

D. $192.55

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