You want to be able to withdraw $30,000 from your account each year for 25 years after you retire. You expect to retire in 20 years. If your account earns 5% interest, how much will you need to...

You want to be able to withdraw $30,000 from your account each year for 25 years after you retire.


You expect to retire in 20 years.


If your account earns 5% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?