how do you correctly solve this 4 131 Name 7 Suppose you are 30 years old and would like to retire at age 60 Furthermore, you would like to have a retirement fund from which you can draw an income of $75,000 per year forever How much would you need to deposit each month to do this Assume a constant APR of 8 and that the compounding and payment periods are the same To draw $75,000 per year, there must be sy 490, 050 in your savings account when you retire (Do not round until the final answer Then round to the nearest integer as needed ) You can reach your goal by making monthly deposits of $ ( 2 (Do not round until the final answer Then round to two decimal places as needed )

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how do you correctly solve this  4 131 Name  7 Suppose you are 30 years old and would like to retire at age 60  Furthermore, you would like to have a retirement fund from which you can draw an income of $75,000 per year forever  How much would you need to deposit each month to do this  Assume a constant APR of 8  and that the compounding and payment periods are the same  To draw $75,000 per year, there must be sy 490, 050 in your savings account when you retire  (Do not round until the final answer  Then round to the nearest integer as needed ) You can reach your goal by making monthly deposits of $  ( 2 (Do not round until the final answer  Then round to two decimal places as needed )

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how do you correctly solve this? 4 131 Name: 7 Suppose you are 30 years old and would like to retire at age 60. Furthermore,

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