50 X John is 25 years old and wants to have 1 million dollars in savings by the time he retires at 65. He plans to open a savings account that pays 4% interest compounded quarterly and he will be making $250 quarterly depositis into the account. John will need to make an initial deposit of $ Time Value of Money Solver Enter the given values. N: = 0 Number of Payment Periods 1:% = 0 Annual Interest Rate as a Percent PV: = Present Value PMT: = Payment FV: = Future Value P/Y: 12 Payments per Year C/Y: 12 0 0 0 Compounding Periods per Year PMT: = END Solve Solve Solve Solve Solve to reach his goal of 1 million dollars in 50 X John is 25 years old and wants to have 1 million dollars in savings by the time he retires at 65. He plans to open a savings account that pays 4% interest compounded quarterly and he will be making $250 quarterly depositis into the account. John will need to make an initial deposit of $ Time Value of Money Solver Enter the given values. N: = 0 Number of Payment Periods 1:% = 0 Annual Interest Rate as a Percent PV: = Present Value PMT: = Payment FV: = Future Value P/Y: 12 Payments per Year C/Y: 12 0 0 0 Compounding Periods per Year PMT: = END Solve Solve Solve Solve Solve to reach his goal of 1 million dollars in