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Marcy Johnson is planning for her golden years. The details of her retirement plans follow: Time until retirement (in years) 13 Expected life span after

Marcy Johnson is planning for her golden years. The details of her retirement plans follow:

Time until retirement (in years) 13

Expected life span after retirement (in years) 31

Annual planned withdrawal from retirement fun (at the beginning of the year) $ 69,000.00

Retirement savings already accumulated $ 19,000.00

Expected annual interest rate before retirement 10%

Expected annual interest rate after retirement 8%

How much does Marcy need to contribute to her retirement fund at the end of each year in order to fund her retirement?

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