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Katherine and Charley plan to retire in 40 years and want to have $3,000,000 at the time of their retirement. If they can earn 6%

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Katherine and Charley plan to retire in 40 years and want to have $3,000,000 at the time of their retirement. If they can earn 6% annually on their funds, how much do they need to save monthly? They are starting with no money saved. O A. $75,000 O B. $1,506 O C. $16,506 O D. $19,385 O E. $6,250

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