Q. A financial planner estimates that you should have $3 million in your account by the time you retire 40 years from now. If you can earn an annual rate of 3%, how much must you deposit into your account at the end of each of the next 40 years in order to have the recommended amount?

A) A little more than $45,000

B) $75,000

C) Between $32,000 and $36,000

D) Almost $40,000

Please provide all the steps and answers