Vou are saving for retirement. To live comfortabby you decide that you will need

$2.5m

illion by the time you are 65 . Today is your 30 th bithday, and you decide, starting today, and on every birthday up to and including your 65th birthdas that vou will deposit the same amount into your savings account. Assuming the interest rate is

5%

, the amount that you must set aside each year on your birthday is closest to:\ 574.480.\ 526260\ $26.200.\

$27.680

.

Vou are saving for retirement. To live comfortably you decide that you will need $2.5 million by the time you are 65 . Tody ts your 30th birthday, and you decide, starting today, and on every bir thday up to and induding your 65 th birthdes, that you will deposit the same amount into your savings account. Assuming the interest rate is 5%, the amount that you must set aside each year on your birthday is closest to