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Springfield mogul Montgomery Bums, age 80, wants to retire at age 100 so he can steal candy from babies full time Once Mr. Bums retires,

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Springfield mogul Montgomery Bums, age 80, wants to retire at age 100 so he can steal candy from babies full time Once Mr. Bums retires, he wants to withdraw $0.9 billion at the beginning of each year for 10 years from a special offshore account that will pay 19 percent annually In order to fund his retirement. Mr. Bums will make 20 equal end-of-the-year deposits in this same special account that will pay 19 percent annually How much money will Mr Bums need at age 100, and how large of an annual deposit must he make to fund this retirement account If the retirement account will pay 19 percent annually, how much money will Mr. Burns need when he retires

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