Garth Scholten decided to retire to San Diego in five years. What amount should Garth deposit so that he will be able to withdraw $40,000 at the end of each year for 20 years after he retires? Assume Garth can invest money at 6% interest compounded annually. This one is tricky think about which you need to calculate first, the present value of the annuity that he will be drawing from when he retires or the present value of that amount which is what he needs to deposit today so it can grow to allow him to retire.