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3. Herman is 35 years old and wants to plan on having $2,500,000 for retirement at age 65. He currently has $15,000 saved for retirement

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3. Herman is 35 years old and wants to plan on having $2,500,000 for retirement at age 65. He currently has $15,000 saved for retirement and wants to know how much he needs to save per month to achieve his goal. Assume that his investments will earn an annual rate of 6%. A. $6,944 B. $2,374 C. $2,489 D. $2,399 E. $30,533

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