How much should you deposit at the end of each month into an investment account that pays 8.5% compounded monthly to have $3 million when you retire in 43 years? How much of the $3 million comes from...

Extracted text: How much should you deposit at the end of each month into an investment account that pays 8.5% compounded monthly to have $3 million when you retire in 43 years? How much of the $3 million comes from interest? Click the icon to view some finance formulas. In order to have $3 million in 43 years, you should deposit $ each month. (Round up to the nearest dollar.) Formulas In the following formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. nt P 1+ - 1 P[(1 + n)* - 1] A = A = P = r nt In the following formulas, P is the principal amount deposited into an account, ris the annual interest rate in decimal form, n is the number of compounding periods per year, and A is the future value of the account after t years. nt A = P(1 + r)* Print Done