the aggarwal corp. needs to save 12 million to retire a $12 million mortgage that matures in 20 years. to retire this mortgage the company plans to put a fixed amount into an account at the end of each year for 20 years. the corporation expects to earn 12 percent annually on the money in this account.

what equal annual contribution must the firm make to this account to accumulate $12 million by the end of 20 years?