Kevin is now forty-five years old. He plans to retire in twenty years.

He wants to have $2,000,000 when he retires. Currently, he has no savings. However, he can from now on save $10,000 per year. He has done some calculations and discovered that in order to reach his goal, hewill need a rate of return of 20.5682% p.a. on his investment. There is a mutual fund in which he wants to invest. However, the expected rate of return on this fund is only 10% p.a. Therefore, he plans to borrow money to invest in order to increase the rate of return on his investment. The borrowing rate is 5% p.a. How much does he have to borrow for every dollar of his money?