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Please show work James Perkins wants to have a million dollars at retirement, which is 15 years away. He already has $200, 000 in an

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James Perkins wants to have a million dollars at retirement, which is 15 years away. He already has $200, 000 in an IRA earning 8 percent annually. How much does he need to save each year, beginning at the end of this year to reach his target? Assume he could earn 8 percent on any investment he makes. (Round to the nearest dollar.) $16,110 $14,273 $13,464 $10,900

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