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Question 14 Gary King is 30 years and wants to retire when he is 65. So far he has saved (1) $6,820 in an IRA

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Question 14 Gary King is 30 years and wants to retire when he is 65. So far he has saved (1) $6,820 in an IRA account in which his money is earning 8.3 percent annually and (2) $5,550 in a money market account in which he is earning 5.25 percent annually. Gary wants to have $1 million when he retires. Starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 8.59 percent annually, How much will Gary have to Invest every year to achieve his savings goal? (Round answer to 2 decimal places, e.g. 15.25.) Gary will have to save Click if you would like to Show Work for this question: geen Show Work

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