t is your $20$ th birthday and you plan to retire on your $50$ th birthday. When you retire you

expect you will need $$58,000$ each year to cover your expenses starting at your $50$ th

birthday until and including your $80$ th birthday. What do you need to start saving every

year starting next year in order to save enough for your retirement? The interest rate is

$4\%.$

a$.$ $$19,260\mathrm{.}04$

b$.$ $$18,935\mathrm{.}40$

c$.$ $$18,189\mathrm{.}07$

d$.$ $$17,882\mathrm{.}48$

the answer to this question is A please show me the CORRECT way to get that answer, it is not b as two other chegg experts seem to believe