Mary plans on retiring in 25 years by purchasing a house on the coast. She estimates she will need $1,000,000 saved at that time and is starting now. What payment would Mary need to make yearly into a savings account with a tax-rate of 30% and an average market return of 8.0%?

Mary plans on retiring in 25 years by purchasing a house on the coast. She estimates she will need $1,000,000 saved at that time and is starting now. What payment would Mary need to make yearly into a savings account with a tax-rate of 30% and an average market return of 8.0%? 0 $13,333 O $19,278 $8,483 O $10,944 O $12,221