Please help me answer the following time value of money question Joseph wants to have a quarter of a million dollars in his account when he reaches 60. Unfortunately, he got a slow start on saving and...

Please help me answer the following time value of money question

• Joseph wants to have a quarter of a million dollars in his account when he reaches 60. Unfortunately, he got a slow start on saving and didn’t invest until the age of 37.  How much does he need to deposit in an account earning 6% to reach his goal?