Warren Wealthy wants to save for his retirement. His goal is to retire at 60 and have

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Warren Wealthy wants to save for his retirement. His goal is to retire at 60 and have $60,000 per year to live on for 25 years, with the first withdrawal on his 61st birthday and the last withdrawal on his 85th birthday. Warren is 30 years old today and wants to begin making deposits to save for his retirement, starting next year, with the last deposit on his 60th birthday. What is the needed amount of the annual deposit if he can earn 5% on his investments?

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Ali Khawaja

my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce

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