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please see the attached IRA Investments develops retirement programs for individuals. You are 36 years old and plan to retire on your 60th birthday. You

please see the attached
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IRA Investments develops retirement programs for individuals. You are 36 years old and plan to retire on your 60th birthday. You want to establish a plan with IRA that will require a series of equal, annual, end-of-year deposits into the retirement account. The first deposit will be made one year from today on your 37th birthday. The final payment on the account will be made on your 60th birthday. The retirement plan will allow you to withdraw $130,000 per year for 20 years, with the first withdrawal on your 61st birthday. Also, at the end of the 20th year, you wish to withdraw an additional $300,000. The retirement account promises to earn 11 percent annually. What periodic payment must be made into the account to achieve your retirement objective? Use Table II, Table III, and Table IV or a financial calculator to answer the question. Round your answer to the nearest dollar. $

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