SOLUTION: How much must be placed each month into a retirement account earning 9% compounded monthly if the value of the account is to reach $ 1,000,000 in 35 years?

Question 1206654: How much must be placed each month into a retirement account earning 9% compounded monthly if the value of the account is to reach $ 1,000,000 in 35 years?
Answer by ikleyn(52946) (Show Source): You can put this solution on YOUR website!
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a TWIN problem was solved under this link

https://www.algebra.com/algebra/homework/word/finance/Money_Word_Problems.faq.question.1206598.html

Consider it as your TEMPLATE and solve this current problem in the same way.

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