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John expects to retire in 30 years, and he wishes to accumulate $3,000,000 in his retirement fund by that time. If the rate of return

John expects to retire in 30 years, and he wishes to accumulate $3,000,000 in his retirement fund by that time. If the rate of return is 9 percent per year, what constant amount should John put into his retirement fund each year in order to achieve this goal?

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