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(Future value of a complex annuity) Springfield mogul Montgomery Bums, age 85, wants to retire at age 100 so he can steal candy from babies

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(Future value of a complex annuity) Springfield mogul Montgomery Bums, age 85, wants to retire at age 100 so he can steal candy from babies full time. Once Me Bums retires, he wants to withdraw $0.8 billion at the beginning of each year for 8 years from a special offshore account that will pay 19 percent annually. In order to fund 8 his retirement, Mr. Bumns will make 15 equal end-of-the-year deposits in this samo special account that will pay 19 percent annually. How much money wil Mr. Burns need at age 100, and how large of an annual deposit must he make to fund this retirement account? a. If the retirement account will pay 19 percent annually, how much money will Mr. Bums need when he retires? billion (Round to three decimal places)

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