After taking this class, you approach a bank to fund your reverse retirement. You have just turned 30 years old. You are planning to retire when you turn 31 and resume work when you are 60. You estimate that to live comfortably in retirement, you will need $100,000 per year starting on the first year of retirement (when you are 31) and ending on your 60th birthday. Every dollar in the plan earns 4% per year, the same rate applies when you borrow money from the bank. You decide that you will plan to work and pay your early retirement off when you are 61 till the day you expire when you are 100. You will repay the bank the same amount every year that you work. How much do you have to repay to the bank each year from when you resume your work?