Solve the problem.Richard plans to retire 35 years from now, and has a goal to have $650,000 in his retirement savings account by that time. What should he contribute monthly, assuming the APR is 6.6% compounded monthly. Contributions are made at the end of the month, including the last month. Round your answer to the nearest cent.
A. $426.96
B. $368.86
C. $406.17
D. $396.74
E. $357.11
Answer: D
Mathematics
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