(LO 9-3) If you hope to retire in 20 years with $3 million saved, expect to get a 12%

annual return, and you have nothing currently saved, how much would you need to save each year? Use the Excel PMT() function to calculate how much you need to save each year. (Hint: As part of the Excel PMT() function, assume that PV=0 and FV=3000000)