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Mary's 2 5 th birthday is today, and she hopes to retire on her 6 5 th birthday. She has determined that she will need

Mary's

25

th birthday is today, and she hopes to retire on her

65

th birthday. She has determined that she will need to have $

2, 000, 000

in her retirement savings account in order to live comfortably. Mary currently has no retirement savings, and her investments will earn

4 %

annually. How much must she deposit into her account at the end of each of the next

40

years to meet her retirement savings goal?

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