(Future value of a complex annuity) Springfield mogul Montgomery Burns, age 75

wants to retire at age 100 so he can steal candy from babies full time. Once Mr. Burns retires, he wants to withdraw $1.2 billion at the beginning of each year for 9 years from a special offshore account that will pay 21 % annually In order to fund his retirement, Mr. Burns will make 25 equal

end-of-the-year deposits in this same special account that will pay 21 % annually

How much money will 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 21 percent annually,

how much money will Mr. Burns need when he retires?

$enter your response here

billion(Round to three decimal places.)