Suppose you are 25 years old and would like to retire at age 65.Furthermore, you would like to have a retirement fund from which you can draw an income of $100,000 per yearforever! How much would you need to deposit each month to do this? Assume a constant APR of 7%and that the compounding and payment periods are the same.

To draw $100,000 per year, there must be ? in your savings account when you retire.

You can reach your goal by making monthly deposits of?