Lacey would like to set up a retirement account that pays her $3,400 a month. If she sets up a payout annuity for 30 years in an account paying 12% interest, how much will she need in the account when she retires (to the nearest dollar)? Summarize the information provided, stating the interest rate in a decimal form. d = r = N = k = Identify the formula you will use to solve by writing the letter of the formula here:

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