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A KSU OWL engineer learned that she could retire early if she starts saving early. While planning for retirement she decides that she wants to
A KSU OWL engineer learned that she could retire early if she starts saving early. While planning for retirement she decides that she wants to have income of $100,000 per year for 20 years with the first withdrawal beginning 30 years from now. If her retirement account earns interest at 9% per year, the annual amount she would have to deposit for 29 years beginning 1 year from now is (choose closest answer): $7,353 $7,125 $8,765 $8,460
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