IDNLearn.com offers a comprehensive solution for all your question and answer needs. Ask your questions and receive accurate, in-depth answers from our knowledgeable community members.

Your investment goal is to have $3,000,000 in 40 years for retirement. you decide to invest in a mutual fund today that pays 12% per year compounded monthly. how much must you invest at the end of each month to meet your investment goal? round to the nearest $1.