1. Marvin plans to retire at the end of this year (2018). His life expectancy is 25 years after retirement. Marvin has come to you, his financial advisor to learn how much he should deposit on December 31, 2018 to be able to withdraw $4,000 at the end of each month for the next 25 years. Assuming the amount on deposit will earn annual interest of 3% compounded monthly, how much should Marvin deposit on December 31, 2018 in order to achieve his retirement plan