Nick is 23 years old and he wants to retire at 70. How much does Nick have to contribute to his plan monthly so that he has $3 million in his retirement 70 assuming that his retirement plan yields a fixed annual rate of 5%? $4,731.83 $12,443.04 $1,358.58 $1,036.92 $957.89 $1,403.55 $1,324.92 $16,842.63