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Assume a nest egg goal size at t = 34 is $3,484,060. Also assume that you will save money in an investment that earns 5%

Assume a nest egg "goal" size at t = 34 is $3,484,060. Also assume that you will save money in an investment that earns 5% per year until t = 34, to reach your goal. You will make your first savings payment (into the investment) in one year (CF1). You will grow your annual payments by 1.5% per year. You will make 34 annual payments. How big must your first savings payment be, to reach your goal? Round to the nearest dollar.

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