Suppose you are 30 years old and would like to retire at age 60. ​Furthermore, you would like to have a retirement fund from which you can draw an income of ​$50,000 per year–​forever! How much would...

Suppose you are

years old and would like to retire at age

​Furthermore, you would like to have a retirement fund from which you can draw an income of

per

How much would you need to deposit each month to do​this? Assume a constant APR of

and that the compounding and payment periods are the same.