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Anthony Waker is 30 years and wants to retire when he is 65. So far he has saved (1) $6,480 in an IRA account in

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Anthony Waker is 30 years and wants to retire when he is 65. So far he has saved (1) $6,480 in an IRA account in which his money is earning 8.3 percent annually and (2) 35,580 in a money market account in which he is eaming 5.25 percent annually. Anthony wants to have $1 million when he retires. Starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 7.09 percent annually. How much will Anthony have to invest every year to achieve is savings goal? (Round answer to 2 decimal places, e.g. 15.25.) Anthony will have to save

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